"Debating which side of wrong to claim they're loyal" is a startlingly concise picture, I love it!
The rhyming is witty because you got a lot of rhymes for oil; but I felt it is a bit crude or distracting, too. I don't know what your solution to that would be! Maybe it's not a problem. When I want to saturate a verse with the sound of its keyword, I tend to put the extra rhymes and half-rhymes inside the lines, and feel indecently clever about it. And sometimes they sound good too.
Expand it, it's the incline of a loop-the-loop but it get's stuck halfway up, brainstorm a little and it'll come out, don't change this beginning a bit though...