And the oil represents watchfulness because???? You said so lol. Think about it, "thy word is a LAMP unto my feet". Has it ever occured to you that the lamps MIGHT represent what the bible says it represents?
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At that time the kingdom of heaven will be like ten virgins who took their lamps and went out to meet the bridegroom. Five of them were foolish and five were wise. The foolish ones took their lamps but did not take any oil with them. The wise ones, however, took oil in jars along with their lamps. The bridegroom was a long time in coming, and they all became drowsy and fell asleep.
“At midnight the cry rang out: ‘Here’s the bridegroom! Come out to meet him!’
“Then all the virgins woke up and trimmed their lamps. The foolish ones said to the wise, ‘
Give us some of your oil; our lamps are going out.’
“ ‘No,’ they replied, ‘there may not be enough for both us and you. Instead, go to those who sell oil and buy some for yourselves.’
“But while they were on their way to buy the oil, the bridegroom arrived. The virgins who were ready went in with him to the wedding banquet. And the door was shut.
Later the others also came. ‘Lord, Lord,’ they said, ‘open the door for us!’
“But he replied, ‘Truly I tell you, I don’t know you.’
“
Therefore keep watch, because you do not know the day or the hour.
Oil = Watchfulness/Readiness
You are not watching, because you have adopted the false teaching that Christ has already come and end-time events have been fulfilled at the destruction of the temple.
The Lord/Bridegroom is coming to gather His Church/bride, prior to His wrath being poured out, with the Lord returning to the earth to end the age at the end of that wrath. Because you believe that the Lord has already come and are not looking for His appearing to gather us according to His word, then you are those without oil, unready, not watching.
In the context above, not having any oil = not being ready, not watching. Therefore, what I have presented is according to scripture.