From their myspace page

About BLACK GOLD
black gold is the feeling when it hits your bloodstream, the unease at five a.m. after staying up all night doing things you regret but will do again and again. black gold is the taste of blinding white, the numbness on your lips and throat. black gold is the corrosion you've swallowed, with comforting warmth tempered by unease. black gold is the release that makes you hiss, gape and sing with us:

i want more, give me more . . . i want the burn and bliss again

black gold is the new collaboration between Eric Ronick (Panic! at the Disco, Ambulance Ltd.), Than Luu (M. Ward, Rachel Yamagata, shushshush), Siggy (POE, Panic channel, powerman5000, Justin Timberlake) and Alistair Paxton (The Metronomes, Stapleton)

black gold formed at the beginning of 2006 while Eric and Than were on tour with Ambulance Ltd. and the Killers. After touring, they immediately set up at Thinman Studios in Brooklyn and began writing and recording. The band lineup was complete with the addition of guitarist Alistair Paxton and bass player Siggy. The result is Black Gold, music with an addictive collection of songs evoking T-Rex, Satie, Chic, Quincy Jones-era Michael Jackson, Bowie, the brothers Gibb and the Band.