because its expensive and it is the colour black
Black gold was commonly used in the early 1900s. Black gold is really petroleum and was at its peak at the beginning of the industrial revolution. The reason it was called black gold is because those who discovered it struck it rich.
and what is black gold exactly?
The Greek basanites, 'to put to the test' refers to black quartz, what we call a 'touchstone' in testing gold content.
Oil was called black gold in the early 1900'2
In 1870, the Black Hills Expedition, lead George Armstrong Custer, announced the discovery of gold in the Black Hills of South Dakota.
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.
Yes black gold is the fossil fuel.We mention petroleum as black gold.Because both petroleum and gold are expensive.
"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.
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.
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.
"Black gold" is a term used for petroleum.
petroleum
petroleum
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 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.
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.
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.