One problem related to engine burning oil has been reported for the 2001 Ford F-150. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2001 Ford F-150 based on all problems reported for the 2001 F-150.
Engine rebuilt due to it consuming oil through the rings on the pistons. Truck was still burning oil. If let to sit for more than 10 min. It would blow a huge cloud of blue/gray smoke and according to towne Ford blue smoke was oil.