Toyota loss

Back in August 2008 when oil was $147/b and gasoline was over $4/gallon sales of the Toyota Prius were red hot. Well, yesterday I saw the owner of a used car lots, more than one. He is full of hybrid cars. Like ten Toyota Prius hybrid cars unsold and sitting there. They are not selling because gas is now under $2/gal. Sales of Ford F150 Pickup trucks is up!

Toyota reports first ever operating loss. This tells us that people are not buying hybrids; they are not buying small cars anymore, instead they are back to getting the old big ass SUV. People please, we hit peak oil in 2005. The price of oil will go up, gasoline will be rationed in the future.