Oil demand destructionHas started.The rising stagflasion in food and energy has consumers confidence index at record low even worse that the dot com and 08/09 financial crisis.I seen on CNN where people are not going to take a vacation becuse of gas food and lodging prices going up.The correct trade now is short HOU and go long HOD.We are likely to see oil trade in the 60s as the FED is hell bent to collapse demand of oil to bring down inflasion.