It's long been reported that there are many uses of olive oil. As a foodstuff it has a high concentration of monounsaturated fatty acids, which studies show promote "good" cholesterol (HDL) while lowering "bad" cholesterol (LDL), that it is beneficial for hair, soothes ulcers, prevents gallstones, and the list goes on. However, new research has revealed that the olive tree can be used for yet another thing.