Black Gold

Black gold refers to crude oil, a natural resource found underground. It’s called "black gold" because, like gold, it is valuable and essential. Oil is used to produce fuels like gasoline and diesel, as well as products such as plastics, chemicals, and energy. Its extraction and sale generate significant economic wealth but also pose environmental and geopolitical challenges. The term highlights the importance and profitability of oil in global markets, emphasizing how a seemingly dark, viscous substance can become a key driver of modern economies.