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Toyota's Jim Lentz Predicts Peak Oil by 2020

Complete video at: James Lentz, President and COO of Toyota Motor Sales, predicts "we will probably see peak oil sometime around the end of the next decade." Foreseeing a steady rise in the cost of gasoline, Lentz advocates for the continued development of alternatives to oil such as battery power and fuel cells. ----- Though the auto industry seemed on the brink of collapse, the recent Cash for Clunkers program arguably helped to jump-start the car economy and get wheels moving again. But what does this really mean for cars and drivers today? During the recession, will the demand for smarter, cleaner models continue, or will people choose to skimp on driving altogether? Industry veteran James Lentz will discuss the future of cars in America. - Commonwealth Club of California Jim Lentz is president and chief operating officer of Toyota Motor Sales (TMS), U.S.A., Inc. Lentz is also a member of the companys board of directors, and serves in a global advisory capacity as managing officer for the parent company Toyota Motor Corporation in Japan. He has overall responsibility for sales, marketing and distribution for Toyota, Scion and Lexus products in the United States, in addition to overseeing all corporate matters at TMS. Lentz attended the University of Denver where he earned a bachelor's degree in marketing and economics and a Masters in Business Administration Finance.
Length: 02:05


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