[monkapotamus]

"...has too low a smoke point when compared to other cooking oils to be used for relatively high temperature cooking."

This man uses it for deep frying.

[Calamari]

Yes, I also use olive oil for frying.
veal or pork cutlets, sauteed shrimp, scallops, squid--olive oil
French fried potatos or fried chicken or chicken fried steak---peanut oil
Smoke point:
375 F: Olive Oil ~$18.00 per gallon
440 F: Peanut Oil $8.00 per gallon

[xpertskir]

Not for fried chicken....it needs to be cooked at a temperature that is higher than the smoke point of olive oil for best results.