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

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15y ago

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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.


Which liquid is called as black gold?

petroleum


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.


Petroleum is called as black gold because?

Petroleum is called black gold because of its economic value and importance in global trade. It is often referred to as "black" because of its color and "gold" due to its high demand and profitability in the energy industry.


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.


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.


Is black gold ar fossil fuel?

Yes black gold is the fossil fuel.We mention petroleum as black gold.Because both petroleum and gold are expensive.


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.


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.


Which mineral is called black gold?

Petroleum is often referred to as "black gold" due to its high economic value and importance as a fuel source.


Is black gold called as coal?

No, What I think is that, the oil is called Black Gold. This is because of its appearance when it comes out of the ground, and gold because it made prospectors, drillers, and oil industry men rich.