I would really appreciate if someone could explain why B is correct, not C. I was debating between them. Here is my understanding.
Argument:
Premise1 = Several nations stated that their oil reserves had not changed in 1997.
Premise2 = Author provides his response by saying oil reserves fluctuate (drop as old oil field are drained and rise as new oil fields are discovered).
Premise3 / intermediate conclusion = Oil reserves are unlikely to remain unchanged from one year to the next.
Conclusion = Most of the nations stating that their oil reserves were unchanged are probably incorrect.
A few things are worth noticing in the argument. First, author changes from "several" to "most" nations. Second, premise1 is about the oil reserves within a single year but author's response is about the oil reserves between years.
Both choices B and C are tempting.
Choice B points out the gap between premise1 "several nations" and conclusion "most nations". When we negate B as ~(drain or discovered or both), it becomes none. In other words, when most nations said their oil reserves were unchanged and their oil fields were not drained and no new discovery, this destroys the conclusion.
When we negate choice C, it becomes "the oil reserves of at least one nation did not gradually dropped or rise suddenly. This allows the possibility that one or both conditions exist and hence does not destroy the conclusion.
Appreciate any comments.