In the long run it will be bad for the oil industry because I believe that more people will step over to electric cars in the future. I do believe that oil still will be needed in the future.
yeah it's a sure thing that the world will evolve and certainly a lot of smart people will change the fuel in the vehicle to be more environmentally friendly. but even so.oil companies will still be able to survive. because the oil users is not only on vehicles
probably. Since our technology that requires more power to boost anything that is loaded up for heavy lift and speed that rely's on the combustion and propulsion mostly depends on fossil fuels.