Why is petroleum called liquid gold?

Question

Why is petroleum called liquid gold?

Answer 1

For the same reason India is called "Sonay ki chiria"

Canada is known for its maple gold.

Earth is the harbinger of many kinds of Gold.

A water well in a desert country is no less than a gold mine either - Lawrence of Arabia movie depicts it right.

Answer 2

petroleum is very precious and in very limited amount. this is why it is called liquid gold

Answer 3

Because finding oil is like finding gold - you'll be rich enough for the rest of your life.

Answer 4

Because in 10 years its gone from $19 a barrel to $140+ a barrel

Answer 5

because you can sell it for loads of money when you find a pocket of the stuff under the surface of the earth.

Answer 6

Black gold, Texas tea.

Well the first thing you know,

Ol' Jed's a millionaire.

His kinfolk said,

"Jed, move away from there."

Said, "California's

the place you ought to be."

So they loaded up their truck,

and they moved to Beverly.

Hills, that is.

Swimming pools,

Movie stars.

The Ballad of Jed Clampett.

An American TV show, the Beverly Hillbillies.  I still laugh out loud at jokes and situations in that show.  It's a classic.

Answer 7

because its so expensive?

Answer 8

It is a fluid that is rare and valuable.

Answer 9

it is exspensive.

Answer 10

Pound for pound it's more expensive.

Answer 11

Have you seen the price of gas now adays? Also, they called it this because if you find it, it pans out to have a lot under the ground, just like the gold in the rivers during the gold rushes.

Answer 12

becuase we need it so much and it cost so much its like gold to the usa

Answer 13

OIL is "worth its weight in gold" because it has a high demand, thus a very high market price.

Answer 14

.Because today oil is the equivalent of medieval gold and salt.

Answer 15

petroleum is called liquid gold because of its high price and value and its economic "need".

Answer 16

because gas is so important today- everybody wants it and we cant get enough--you know, kinda like the gold rush

Answer 17

Coz it's the most expensive fuel!:)

Answer 18

Because, in future the petrol is to be costlier than gold.

So, we called it as a liquid gold.

Am i right????

Answer 19

because of how much people are willing to pay for it

Answer 20

To find petroleum is as hard find gold.At the same time its as expencive as gold.So we say petroleum as the liquid gold.

The fact may be that but even say at present as the gold price increases- the petroleum rate also rises.

Answer 21

Because it's worth so much.

Answer 22

Because it is worth a lot of money.