EXACTLY!!
Oil is “the wine of her fornication.” Rev 18:3
The “hooks in the jaw” is referring to the Beast that Christ will pull out of the rivers (from among the people) “and I will cause the fish of your rivers to stick to your scales, and I will bring you up out of the midst of your rivers, and all the fish of your rivers shall stick to your scales.” the fish of your rivers are the followers of the Beast that will be pulled up with it.
No.