Of course they are, oil is going nowhere in the long run.
Yeah in the long run it is going to hurt the oil industry. The more electric cars are build the more it is going to hurt the oil industry.
It is not hurting the oil industry that bad right now, but in the future that will change.
Right now it doesnt hurt that much as there are still a lot of cars that are running with oil and electric cars cant out run a car powered by oil and thats what most people are looking for fast cars.