They're not gonna go broke. Right now they're just making a chit load of money instead of a really, really ridiculously obscene chit load of money.
They're just doing what wal-mart has done, undercut everybody to drive them out of business then buying up the remnants. They'll eventually start bringing the price of oil back up, but it won't get back to the point where the US gets back into an oil boom, they've learned their lesson from that. It's our own fault for dealing with those Godless heathens & electing a president that's in bed with them.
Oh, they are going broke pretty fast. They make a lot of money, but they have an insane level of domestic spending. Essentially, the whole friggen country is on the government teat. The income is good, but the outgo is stunning.
They fundamentally miscalculated this "maintain market share at all cost" strategy by underestimating the US producers ability to cut costs and maintain production.
