Toyota COO Acknowledges Peak Oil

While the rest of the automotive industry and bussiness world are wondering about the long term impact of Toyota’s recent recalls, the company clearly remains focused on the future in ways that the rest of the industry seems to be missing all together. Jim Lentz the Director of Toyota Motor Sales in North America makes an assertion¬†that you do not hear often from an auto executive.¬† The price of gasoline is going to be prohibitively expensive and soon.

You may also want to see what T. Boone Pickens has to say about the peak of world capacity of 85 million barrels per day. :

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