Engine has about 43K miles on it and is burning oil. Options?

[Sparky84]

The FJ's oil level sensor in the crankcase can be fussy. We call the red oil light the kookaloo light. It tends to come on under heavy acceleration, hence, the kookaloo zone.

Unless my oil level is at the top line in the window, the oil light will blink. This blinking red light freaked me out at first until I realized what it was....oil level, not oil pressure.
Check it before each ride and you're golden. You're down there anyway checking your tire pressures.

WOW DOES THAT EXPLAIN A LOT

Hard acceleration up steep incline sets mine off too, flashes up then off.

[JohnnyTheCraneGuy]

yeah up here in CO its the same for me sparky, I had the same issue in the mountains and like everyone else I'm sure, assumed it was pressure the first time seeing it.