Question

why is petroleum called liquid gold????Explain briefly​

Answer 1

Answer:

Petroleum is known as Liquid Gold because of its high value in the market. It also serves directly or indirectly as a source for many organic products which are useful to humans. Like gold, it is expensive and difficult to find.

Answer 2

HEYA USER

HERE IS YOUR ANSWER

It's not both ,its crude oil that is known as black gold because of its usability to the extreme level and mainly because of its colour. Petrol is gold in colour and derived from coal which is called black diamond, hence petrol is called black gold. Crude oil is known as black gold.