I wouldn’t call secure email snake oil: it meets some of the characteristics, but not all. “Snake oil” implies at least in part inefficacy and deceptive marketing; yet secure email
is possible, though there are typically rather severe caveats (mostly around the question of which parts are being encrypted, and usability).
What is actually snake oil, and distressingly rarely realised as such, is first-party end-to-end encryption. That’s what sodality2 is actually talking about. And when you stop and consider it in this light, you realise that the significant majority of stuff that’s advertised as having E2EE is first-party and thus, to put it mildly, not robust.
In the context of email, here’s Fastmail’s take on it: https://fastmail.blog/advanced/why-we-dont-offer-pgp/.