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They often call it this because of oils value. Back in the day, oil was harder to find and when you did find it, they say its like you struck gold, hence black gold.

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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.


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.


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.


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.


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.


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 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 thing is also called black gold?

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


Is petrol called liquid gold?

Crude oil, from which petroleum is derived, is referred to as 'black' gold. Liquid gold is often used to refer to certain alcohols with an amber hue like beer, cider, whiskey and brandy


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.


What is the best definition for this description black gold?

"Black gold" is a term used for petroleum.