0
What else can I help you with?
What natural resource is called black gold?
Oil is often referred to as "black gold" due to its economic value and significance as a valuable natural resource that is essential for powering modern industries, transportation, and other sectors of the global economy.
Why is crude oil called black gold?
because it is so 'useful' for example we use them in cars, and also because it is so rare like gold
Is gold cheap in Australia?
No, gold is not cheap anywhere. that is why it is so expensive....and shiny! : )
What term best fits this definition black gold?
Black gold is a term that refers to crude oil or petroleum. When people would discover oil on their property, it usually made them rich, so it was like finding gold.
How come you see so many different prices for a ounce of gold?
because of how many karats of gold like 24 karats is very expensive and 12 karats is cheaper
Why is iron cheaper than gold to extract?
It's a sort of vicious circle. Gold is expensive so it is much in demand. So gold is extracted from rocks where it forms an ounce or less in every ton of rock - which is expensive! Iron is not so rare and is easier to extract.
How does the discovery of oil affect the economy of the uae?
It makes the UAE richer, like when you trade something, you get money in exchange. So oil is very expensive, so it makes the UAE richer and more famous.
Why did oil get the name black gold?
Oil is sometimes referred to as "black gold" because of its high value and economic importance, similar to that of gold. Just like gold, oil is a finite resource that is in high demand and can fetch high prices in the market. Additionally, its dark, viscous appearance and its association with wealth contribute to the comparison with gold.
Is gold better than oil?
Of course gold is worth more than oil if that is your question. But you cannot burn gold. So it depends on what your needs are.
Is white gold as expensive as yellow gold?
White gold is an alloy of gold and at least one white metal, usually nickel or palladium. Like yellow gold, the purity of white gold is given in carats: 24 kt is pure gold, 18 kt has 18 parts gold and 6 parts of another metal, so it is 75% pure.Since nickel is cheaper than gold this white (alloy) gold is cheaper than the yellow pure variant. The price of palladium is unknown to me, so I can't figure it out.
Why perfumes are expensive?
THEY ARE SO EXPENSIVE BECAUSE EXPENSIVE PERFUME HAS A CERTIAN AMOUNT OF NATURAL INGREDIANTS WHICH IS VERY EXPENSIVE actually, its because the expensive perfumes usually contain musk oil.
Why is gold so popular and special?
it is rare, expensive, valuable and it looks nice too
