definition of black gold
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Black gold is a term used in the Republic of China to refer to political corruption. The term refers to the obtaining of money through a dark, secretive, and corrupt method.
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Black gold is a term applied to oil or petroleum, which is black when it comes out of the ground and is worth a great deal of money. Prior to the mid-19 th century, oil from animal tallow (fat) and whale blubber was used as a lubricant and fuel.
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