In a rare show of support for Mr. Cuomo, Republicans in Albany today sided with the Governor, saying that his economic forecast seemed credible.
It poured scorn on Osborne: "Either the chancellor's forecasts are credible, in which case holding the vote is a monstrous act of negligence, or he doesn't believe them himself and is in the business of whipping up hysteria.
"Oil and gas will remain an important part of the energy system [up to 2030], no credible forecast says otherwise," said Van Beurden.
Meanwhile, every credible forecast sees global oil consumption inexorably rising.
"No credible forecast suggests that future rates of growth of the U.S. economy will be sufficient to close these deficits without significant changes to our fiscal policies," he said in a prepared statement.
"Quite simply, the United States has too many good things going for it to make a forecast of deflation credible," Federal Reserve Board Vice Chairman Roger W. Ferguson said bluntly on May 16. "Given the existing level of slack in labor and product markets, the economy should be able to enjoy above-trend growth for some time without putting undue pressure on resources".
I submit that no other candidate can demonstrate a decades-long record of advocating and acting on principles such as these, and so a list of my promised priorities as a council member is not simply rhetoric, but is instead a credible forecast of my agenda.
And in order for those forecasts to be credible, the Treasury will have to share with the OBR all relevant policy decisions.
The designers intended to make the dam impervious to a one-in-ten-thousand-year flood, but their calculations were based on only three decades of Zambezi flow data — a period too short to permit credible forecasting.
Designing regulatory regimes that incentivise the delivery of agreed capex at as low a cost as possible has proven relatively straight-forward when it is possible to establish credible forecasts of the necessary capex and its associated cost.
