The internet is awesome. Did you know, you can type "How to remove olive oil from carpet" into a search engine, and you will get several websites that can answer your question.
Don't ask why I had to learn this, but it starts with a B and ends with a rady. Good thing he is so dang cute.
PS. I'm talking about a cup or so of olive oil! All the tips and tricks have helped, but I still have a greasy spot. Will try using Dawn again today.