पेट्रोलियम कॉल्ड लिगुइड गोल्ड since it is liquid and just like gold it has a higher commerial value

< b="" />Petroleum< /> is referred to as Liquid Gold.

Explanation:
Petroleum is known as Liquid Gold because of its immense value and importance in various industries and sectors. It is a naturally occurring fossil fuel that is formed from the remains of ancient plants and animals over millions of years. Here are the reasons why petroleum is often referred to as Liquid Gold:

1. Economic Value:
- Petroleum is a highly valuable resource due to its widespread use in industries such as transportation, manufacturing, and energy production.
- It is a major source of energy, providing fuel for vehicles, airplanes, ships, and trains.
- Many everyday products like plastics, fertilizers, and chemicals are derived from petroleum.

2. Limited Supply:
- Petroleum is a non-renewable resource, meaning it cannot be replenished at the same rate it is being consumed.
- The world's petroleum reserves are finite and will eventually be depleted.
- This scarcity contributes to its high value in the global market.

3. Price Fluctuations:
- The price of petroleum is subject to significant fluctuations due to various factors such as geopolitical tensions, supply and demand dynamics, and natural disasters.
- These fluctuations can have a profound impact on global economies and can cause significant price volatility in energy markets.

4. Geopolitical Significance:
- Petroleum-rich countries have significant geopolitical influence due to their vast reserves and ability to control production and supply.
- This has led to conflicts and geopolitical tensions in regions with abundant petroleum resources.

In conclusion, petroleum is often referred to as Liquid Gold because of its economic value, limited supply, price fluctuations, and geopolitical significance. Its importance in various industries and its impact on global economies make it a highly valuable resource, similar to the precious metal gold.