Water can only get so hot before it boils away.
Oil can get much hotter than water.
Certain kinds of chemical reactions, like the browning of starches and the caramelization of sugars, only happen at temperatures above the boiling point of water.
Because oil is liquid, even if your pan or pot heats unevenly, the oil will transfer the heat until all the oil is the same temperature, which lets things cooked in the oil cook more evenly than without.
Cooking with oil does a few important jobs, even outside of the taste of oil itself. First off, it distributes heat, so that food cooks more evenly. This makes food less likely to burn and keeps everything cooked to the same level, which is important – without oil, only the bits of food in direct contact with the pan get the full effect; oil creates a smooth layer that transfers heat much better.
But even more importantly, oil can get much hotter than water, which boils at 100C/212F. Water literally can’t get any hotter than that without evaporating, while oil can be hundreds of degrees hotter before it burns off. That high temperature lets us reach the Maillard reaction, where sugars and proteins in food react together creating savory flavor compounds and a browned color. The sear on a steak, the crisp brownness of pizza crust, the richness of slow-cooked onions, these all come from Maillard reactions.
Of course, oil is also dietary fat – and we’ve evolved to enjoy the rich taste of fat. We make most cooking oils to cook evenly and not burn too hot, so we aren’t prioritizing their flavor; they add richness to the food that we cook instead. But things like butter and extra virgin olive oil are both forms of fat with some tasty flavor compounds in as well – and many of us love those tastes.
Because it allows the [Maillard reaction](https://i0.wp.com/www.compoundchem.com/wp-content/uploads/2015/01/Food-Chemistry-Maillard-Reaction.png?ssl=1) to take place. This chemical reaction is responsible for the browning of fried foods, and it creates the delicious roasted and toasted flavours of fried foods.
The key is that this reaction takes place at 140-165 C, which is hotter than the boiling point of water. No matter how hot the pan gets, liquid water itself can’t get hotter than 100C unless it’s in a sealed vessel. The extra heat goes into turning water to steam faster, but the liquid water can’t get hotter than 100C. But oil remains a liquid in this temperature range! That means the oil in the pan or fryer can get hot enough to cause the Maillard reaction in the food, creating the good flavours.
**TLDR:** You’re right the oil doesn’t taste good on its own – the point of the oil is a means of getting the food hot enough to do the chemical reactions that make the good flavours. The flavor isn’t oil itself.
More info:
[https://en.wikipedia.org/wiki/Maillard_reaction](https://en.wikipedia.org/wiki/Maillard_reaction)
https://www.seriouseats.com/what-is-maillard-reaction-cooking-science
Basically evolution. How about a carrot for example. Not bad raw. But much sweeter when boiled in water at higher temps. This breaks down a lot of starch in the carrot which are long chains of sugar. We can’t taste long chains but love the taste of short chains (glucose, sucrose, etc).
Now, instead of boiling in water, do the same in oil. Now you have the same thing happen but a ton more calories as well. This is obviously something we’ve evolved to find more delicious.
In the wild, the amount of energy (calories) it takes to chemically breakdown food after consumption is a big deal. As humans, we often take this for granted since we cook everything which breaks it down for us and therefore releasing the calories. In fact, it is understood that cooking food and the extra calories it provides was essential in human brain evolution — an organ that requires a lot of calories.
Back to the oil, you’re basically just artificially adding survival yummy points to your less yummy ingredients. You’re also releasing locked up yummy points in your ingredients with the heat. You could probably fry up some tissue paper and salt it and would be not so bad
As others have mentioned oil allows for chemical reactions to occur in food that makes them taste better. But additionally oil with absorb the flavours of what is around it. So often oil will allow those reactions to occur, then absorb the flavour of the food. Butter will do this as well. Putting butter in different places will actually change the taste slightly as it absorbs the flavour of whatever is in the air around it.
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