alternatehistory.com

Upon reading about the Texaco company's involvement in the Spanish Civil War from Spain in Our Hearts and FDR's partial nationalization of different industries such as silver mining, I couldnt help but wonder what an American nationalized oil industry would look like. Like an Amerioil or something.

Many countries have national oil companies where the state controls its petroleum resources. So what if, at some point the United States decided to nationalize its oil resources into a singular state owned company?

How could this have happened? What would be the ramifications of this policy both domestically and internationally? How would climate policy be impacted?
Top