LadyBelle,

I'm glad you find the coconut oil tasty. To reassure you, half the fat in that oil is lauric acid, which the body converts to monolaurin, an anti-fungal, anti-microbial agent. Much of the rest of the oil is MCTs (Medium Chain Triglycerides), which the body uses for immediate energy production, so it's unlikely to be stored as body fat.

If you're interested, The Weston A. Price Foundation has an interesting material on the roles of saturated fats in the body (it's about halfway down the page, under the heading "The benefits of saturated fats"). This information helped me get over my fear of saturated fats.