I know there will be folks here that think I am crazy, but maybe not so much.
First, the goal of nationalizing the oil companies (gas and coal as well) is to wind them down to a tiny as fast as humanly possible. I could go into the decades if not centuries long despicable things that the oil companies have done but it is actually much simpler than that.
The Fossil fuel companies, led by the Oil conglomerates pose a “Clear and Present Danger to the entire planet and the survival of the human race”.
This is reason enough, period end of story but it would solve so many other problems as well. I see our buddies the Saudi’s are threatening to sell off $750 billion in bonds if we dare allow our citizens to hold them accountable for their participation in the worst attack on America in history. Well guess what Saudi’s, after we transition to a green economy you can all choke on your oil, so fuck you as you are no friend of the American people or the planet.
The reality is the only way will get to a green economy fast enough to save the world is to pry big oil’s greasy little hands off of the levers of power and the only way to do that is to take away the $$$. I know folks will say, this is America and you can’t do that, well guess what when weighing the total destruction of the human race against niceties of business law, there is no competition. Making it worse is the fact that the oil companies have known since the 60’s about the damage of global warming and have actively worked to hide it from all of us so on that alone they should lose their companies for fraud.