Do Not Cook with Extra Virgin Olive Oil

Can I use extra virgin olive oil for cooking? Is extra virgin olive oil safe?

I initially thought cooking with extra virgin olive oil is healthy because the oil itself is healthy. After some research, I found out that extra virgin olive oil cannot be used for high temperature cooking.

Extra Virgin Olive Oil apparently has a lower smoking point than the other refined oils. Smoking point temperature is when oil begins to chemically break down and produce undesirable (read: toxic) byproducts. It is also the temperature when the oil starts to smoke and give bad taste to the food.

So to be safe, I never use extra virgin olive oil for cooking. I just use it for sauce and salad preparations. And I have another bottle of light olive oil which I can use for cooking if I wanted to.

Do you think I did the right thing? Let me know your opinion.

P.S. Afternoon update: I just finished cooking supper - smoked chicken longganisa. The best way to cook it is deep frying so I used canola oil this time.