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As petroleum is digged in the earth it is black in colour and it is very popular so it is compared to an gold then it becomes blackgold

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Which is called the black gold coal or petroleum?

Petroleum is often referred to as "black gold" because of its economic value and significance as a highly sought-after natural resource. Coal is not typically referred to as black gold.


Why petroleum is called black gold or crude oil?

Petroleum is called "black gold" because of its value, versatility, and economic significance, similar to that of gold. It is also referred to as "crude oil" because it is a natural, unrefined oil extracted from the earth, before being processed into various petroleum products.


Why is petroleum called black gold?

Petroleum is called black gold because it is a valuable natural resource that has a dark black or brown color, similar to the color of gold. It is highly sought after due to its importance in various industries such as transportation, manufacturing, and energy production.


Which liquid is called as black gold?

petroleum


Why is petroleum called black gold answer in brief?

Petroleum is called "black gold" because it is a valuable natural resource that has a high economic value and contributes significantly to global energy supply. Its black color and preciousness parallel those associated with gold, hence the nickname.


Which thing is also called black gold?

Oil is also known as black gold because of its high value and importance in the global economy.


Why is Petroleum is often called black gold?

Petroleum is often called black gold because it is a valuable resource that is in high demand globally. Its deep black color and economic significance are similar to the properties associated with gold, hence the comparison. Additionally, like gold, petroleum plays a major role in economic activities and trade.


Black gold is also the name for?

Petroleum, also known as crude oil, is sometimes called black gold because of the enormous amount of money that is spent on it.


Why do people call petroleum black gold?

because its expensive and it is the colour black


Why petroleum is known as black gold?

Petroleum is known as black gold because of its economic value and importance to the global economy. Just like gold, petroleum is a valuable and highly sought-after natural resource that has a significant impact on commerce, industry, and energy production. Its dark color and lucrative nature have earned it the nickname "black gold."


When was black gold commonly used- time period?

Black gold was commonly used in the early 1900s. Black gold is really petroleum and was at its peak at the beginning of the industrial revolution. The reason it was called black gold is because those who discovered it struck it rich.


Why is petroleum sometimes called black gold?

Because it is used all around the world and needed very much in this time of need.