Over the years I've learned to take advice like this with a large grain of salt. Every couple of years this sort of advice seems to get reversed. I still remember reading about olive oil being bad for frying because it was supposedly less resistant to high temperatures and decomposed into something not too healthy. It's been the same with eggs, coffee, and many other things.
> I still remember reading about olive oil being bad for frying because it was supposedly less resistant to high temperatures and decomposed into something not too healthy. This hasn't changed. Olive oil has one of the lowest smoke points of all cooking oils. Once it's burning, you're eating all kinds of things, some of which aren't good for you. [ http://www.seriouseats.com/2014/05/cooking-fats-101-whats-a-... ]
In Turkey we have a variety known as "naturel sizma", which is what comes off the olives before pressing even begins. In contrast to other olive oil varieties, it's appearance is cloudy, and you can barely warm it before it starts smoking.