Question

which mineral is called blackgold? why?

Answer 1

Coal and petroleum both are called black gold. Reason for this is both coal and petroleum handles a lot of money, so they are called as black gold.


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Answer 2

Petroleum has been nicknamed as the Black Gold. The reasons for petroleum being called so are:

Petroleum is scarce and hard to find in the Earth’s subsurface. A number of complex studies are carried out to find petroleum accumulations.Petroleum is very costly to extract. Huge amounts of money and sophisticated equipment are dedicated to bringing out petroleum from the sub-surface (once it is found).