When baked, olive oil has a rich and somewhat mysterious flavor. This cake is high and handsome, much like a chiffon cake. In fact, call this chiffon cake--people often balk at the idea, but not the taste, of an olive oil cake. Serve this delicate confection with dessert wine or sherry and accompany with sliced nectarines, pears, berries, and whipped cream flavored with apricot preserves.