"Is Maxine Water’s dream of a “socialized” oil industry about to become reality?"
Not just yet. First gas has to get a bit above $5 a gallon so and "force" Barry to institute Carter style gas rationing. With rationing in place there will be plenty of companies willing to pay something under the table to be exempt or have a larger allotment, government employees can be kept in line for the election by granting them the perk of exemption from rationing due to the important work they do, and of course there will need to be a specialists hired to watch over the rationing system.
Once that's all handled, then Barry will start beating the drum to nationalize the oil industry as a way to get back to no rationing.
That will be a tough job. We import more oil that we produce ourselves. How is he going to get supply from Saudi Arabia, Canada, etc?