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Crude oil is often referred to as "liquid gold" because of its high value and importance in the global economy. It is a valuable natural resource that is used to produce a wide range of products, including gasoline, diesel fuel, and plastics, making it essential for various industries. Additionally, its limited availability and the significant impact it has on international markets contribute to its reputation as a valuable commodity.

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1y ago

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Related Questions

What is called as black gold?

Crude oil


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


Which substances is called the 'liquid gold'?

Liquid gold is a fine suspension of gold in an oil used as paint.


Is gold found in crude oil?

There may be trace of gold in crude oil but it is not a significant component.


Is Crude Oil a solid liquid or Gas?

Crude oil is a liquid. It is a naturally occurring mixture of hydrocarbons that is extracted from the ground in liquid form.


Can crude oil can be a liquid or a gas?

Crude Oil is a liquid.


Can crude oil be a liquid or a gas?

Crude oil is typically a liquid at room temperature and pressure. However, when brought to the surface, some volatile components may evaporate, turning it into a gas.


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.


Which liquid is called liquid gold?

commenly oil is called liquid but some times petrol is also called liquid gold :v


What is liquid gold?

The straight answer to this is that if you heat solid gold to a temperature of 1100°C it will melt to form a liquid.I think though, that 'liquid gold' might be a term that is used to refer to crude oil, because if you can find crude oil it is a way to become very rich very quickly!- - - - -There's a furniture polish called Scott's Liquid Gold. It's made out of mineral oil and naphtha.(presumably because it made Mr Scott very rich very quickly! {joke} )


What is another world for crude oil?

Um... i think it could also be called black gold.


What is the very thick liquid called which is found deep underground and is refined before use?

The very thick liquid found deep underground is called crude oil. It is refined to produce various petroleum products such as gasoline, diesel, and jet fuel.