What is black gold

Black gold is nothing but petroleum or petroleum, and this term is sometimes applied to coal. Giving it this name comes from its importance and influence in various aspects of life to the point that it is compared to the value of gold, and therefore the name black gold was given to this wealth. Oil is also similar to gold in that it was the subject of others’ struggle to obtain it. Oil is not only important in fuel; Rather, it is also involved in many industries called petrochemical industries.

Oil was produced through the exposure of marine organisms, their organisms, the plankton they contain, the plants that live in them, and other remains of plant, animal, and other living organisms that lived in ancient geological times, to being buried under the surface of the earth for very deep distances, and their exposure as well to great and intense pressure and heat in the depths of the earth and with the passage of Millions of years. Thus, oil is considered a non-renewable energy source and is therefore vulnerable to depletion and expiration with its continuous consumption, and this is what also makes it a valuable currency. The entire world depends on oil or black gold in various areas of its life.

Oil is a thick, dense liquid that is black and slightly green in color. It consists of a group of complex hydrocarbons that form a series of alkanes. Oil is extracted from the Earth's crust, specifically from its upper layer. The degree of purity, shape and composition of the oil depends on the place from which it was extracted. Oil is a flammable substance, and therefore the equipment that extracts it and the tanks that store and transport it are very sensitive and equipped in a special way and are always subject to monitoring, and under a specific pressure and temperature.

As we mentioned, oil is one of the most important and most consumed sources of energy in the world. It is used in the process of generating electrical energy, as well as in running various means of transportation, such as buses, cars, planes, etc., and it is also used in operating various factories. Oil has various other uses. As it is used as a raw material in the field of industry, it is included in the field of plastic industries and fabrics such as nylon, artificial leather, artificial silks, etc. It is also included in the pharmaceutical industries, in the manufacture of various fertilizers and pesticides, and other industries. America is one of the largest oil consuming countries. It alone consumes about a quarter of global oil production, and it is estimated that the United States of America imports approximately 75% of oil to cover its needs.