Yeah, right. Surely you're not serious, but on the other hand, you didn't put a ;-) there.

If it ever looks like Congress is really going to nationalize them, I'd advise you to get a bicycle and make sure you're fit enough to use it. 'Cause Congress would be doing it in order to loot them.

In short order they'd work in the same dilatory and/or dysfunctional manner as public toilets, public freeways, public busses, Amtrak, the Postal Service, air traffic control, and almost everything else that's ultimately run by government. Heck, somehow government has even made our numerically trivial commitment in Iraq - a whole 140,000 troops, a massive, overwhelming 0.05% of our population - into an insupportable burden.

Of course, if it's wartime, we could impose wartime income taxes, and make the Lee Raymonds of the world pay 98% at the margin. But then again, that might disincentify football players and Hollywood "stars". If that happened, what would the Great Shiftless Moron Mass do for entertainment, except maybe to shoot even more holes in highway signs?

Here in Quebec, electricity production was nationalized a few decades ago. Our electricity prices are 2-4x lower than the rest of North-America.

The reason why public transportation and such are in bad shape is because not enough is invested in them (in some countries, particularly European and Asian, public transportation is quite decent). I'm sure that mistake wouldn't be make with oil since it's such a big cash cow (and public transportation isn't).

Here in Costa Rica, we have excellent state subsidized bus service and a state owned utility monopoly, ICE. (National Healthcare, too.) Our electricity is predominantly hydro powered, though there is at least one large wind farm and three small diesel generation stations scattered about the country. ICE also protects a lot of land from development, especially land near the headwaters of the several rivers that provide drinking water to San Jose, the capital.

Breaking up ICE is a major goal of CAFTA, called TLC down here, and is one of the reasons the treaty is still opposed. It faces a tough fight in the coming legislature, but it will probably pass.

At least for now, any frustrations incurred dealing with the ICE bureaucracy is more than made up by the quality and efficiency of the service. My bill for electric, water, sewer, garbage, phone, and internet run less than $100/mo.

The suggestion was partly in jest, though I think it's a valid option.  If you're talking corporate efficiency vs governmental, I see little to differentiate them. (Halliburton, anyone?)
I get my electricity from a customer-owned co-op, a left-ever REA utility. This winter they raised rates 2.5 percent.

Arizona Public Service, which was "privitized," raised theirs something like 35 percent.

We have a good co-op with lots of citizen participation. It really pushes conservation programs.

It's a great thing, in my opinion.

Clean up the government.  Then nationalize them.