This response might come across as a little snippy, but I don't mean for it to be so. Your post shows that you POSSIBLY need more education on nutrition in general. Otherwise you'd see that this approach is pretty standard.
At that fat intake, it would be a 30-something percent fat diet, which is a moderate amount of fat. Some fat loss diets (and lifestyle and bulking diets) have higher.
120 to 140 grams of fat is not a ton of oil considering how easy it is to consume that much. I've already consumed 40 or so grams of fat from breakfast alone.
Again, you need a bit more education on the topic.