Question

Why is petroleum called ‘Liquid Gold’?

  • Resources of India
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Answer

Petroleum called ‘Liquid Gold’ because

  1. Petroleum is a valuable natural resource that has a high economic value and is used in various industries.
  2. It is called ‘liquid gold’ due to its scarcity, limited availability, and high demand.
  3. The term ‘liquid gold’ also reflects its importance as a source of energy and its potential to generate huge profits for oil-producing countries and companies.

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