If they 'nationalize' a privately held, often publicly traded industry, they have to compensate the shareholders or it is an illegal taking. I did not make a royalty deal with the government for my privately owned mineral interests, so that deal would have to be renegotiated, in which case I'd hold out for a 50% royalty. (it isn't that much money, trust me).
But the bottom line is that the last people you want running something are people who have never had a real job, have never worked in the industry, who don't know a crown block from a casing shoe.
I, for one, would end my 40+ year oil industry career the very second the government took over, and maybe just start writing about the disaster as it unfolds.
