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because its expensive and it is the colour black

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14y ago

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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.


What is black gold?

"Black gold" is a colloquial term used to refer to oil, which is a valuable natural resource due to its importance in the global economy and its ability to generate significant wealth for countries that possess it.


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 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.


What is the best definition for this description black gold?

"Black gold" is a term used for petroleum.


What hydrocarbon is known as black gold?

petroleum


Which liquid is called as black gold?

petroleum


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."


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.


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.


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.