Then lift up your whole hood like you got oil under it

from Jay Z – Threat Lyrics on Rap Genius

Meaning

This is a metaphorization of your neighborhood to the hood of a car. HOV will displace your entire ‘hood like there’s money to be made. Y'all wish he was frontin.

This also connects with the earlier George Bush mention referencing George Bush’s invasion of Iraq to get oil. basically, Hov will send his troops to infiltrate (and ultimately ruin) your hood as if they were in frantic search of oil (or you).
https://www.youtube.com/watch?v=s_hFTR6qyEo

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