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Project evaluation is derived from a cash flow model, regarding reservoir production profile, price and costs, capital expenditures (CAPEX), operating expenditures (OPEX), carbon credits, depreciation time, fiscal assumptions etc.
In any event, the very fact that the two parties are arguing so ferociously about fiscal assumptions, and definitions, probably indicates how this budget is not the moment that decisively changes the election terrain.
Congress could do this by making tax cuts temporary, front-loading revenue, or playing games with economic or fiscal assumptions.
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It's good to drill a sense of fiscal discipline and challenge assumptions about spending on aspects such as sales, marketing, and engineers.
But all of that is based on the assumption that fiscal and monetary policy remain unchanged.
Investors are making an unequivocal assumption that fiscal cutbacks will slow global growth.
Yet the whole European response has been based on the assumption that fiscal profligacy was the villain.
In March 2000, the IMF agreed to a three-year $7.2 billion stand-by arrangement with Argentina, conditioned on a strict fiscal adjustment and the assumption of 3.5% GDP growth in 2000 (actual growth was 0.5%).
Moreover, the OBR's independence has already been called into doubt and questions asked about the assumptions behind its fiscal forecasts and the timing of its release of new data, both of which appear to have benefited the government.
Portugal is in the greatest danger, but it has a better history of fiscal adjustment which, under plausible assumptions, could allow its debt to stabilise at a manageable level.
Another important factor in his forecast, he said, is the assumption that "stimulative fiscal and monetary policies will continue".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com