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Due to the tremendous commercial importa...

Due to the tremendous commercial importance of petroleum and its use in our life, it is called ________.

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**Step-by-Step Text Solution:** 1. **Understanding the Importance of Petroleum**: Petroleum is a crucial resource in modern society. It plays a significant role in various sectors, including transportation, energy production, and the manufacturing of chemicals. 2. **Commercial Value**: The term "black gold" refers to the high commercial value of petroleum. It is a valuable commodity in the market due to its extensive uses and demand. 3. **Economic Impact**: Petroleum is often described as the "source of running the economy" because it fuels transportation systems, powers industries, and is essential for the production of many goods. ...
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