🛢️ Coal is (Still) King

Edwin Cox: Billionaire of the Week

Good morning, here's what the OilPatch Team has for you today:

King Coal Remains on Its Throne Despite Transition Push

Coal consumption broke a record this year.

It reached 8.77 billion tons.

That’s despite the trillions spent on wind and solar.

Coal demand is set for further growth as well.

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Fixed-Rate Returns for Accredited Investors

How does it work?

You purchase a bond from ROX Energy Capital

You are now a bondholder with the right to receive a 10% fixed annual return — payable monthly.

ROX Energy Capital Buys Working Interests

Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these “non-op" working interests for the life of the asset.

You get paid

Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.

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The teen oilman who became an investment tycoon

Edwin L. Cox, one of the last true oil tycoons, passed away in 2020.

Like most of his generation, he had humble beginnings, in Arkansas. His father was a wholesale grocer and banker.

At the start of the 1920s, he saw the potential of the oil industry.

In the same year that Edwin was born, Cox Sr. set up an oil company in Oklahoma. His son joined it while in high school.

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