C.
Increased oil exploration is the most likely consequence of falling petroleum prices
Explanation:
Due to falling prices of petroleum, more private car owners will afford to fuel their cars hence there will be more cars on the roads. This will consequently cause a decreased demand for public transport and also a decreased uptake of electric cars. Ultimately due to the higher demand for the petroleum products (due to lower prices), oil exploration will increase to meet the increased demand.
Learn More:
For more consequences of falling petroleum prices;
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