But eliminating oil and gas tax breaks is an appropriate base-broadening measure that should be endorsed.

FORBES: Corporate Tax Reform and the Energy Sector

Reply: The President has long proposed eliminating unjustifiable subsidies for oil as part of deficit reduction, tax reform, and sound energy policy.

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In that same column, I surmised that any new tax revenue would likely be pursued in the form of proposals the President has previously pitched but failed to turn into law, such as eliminating preferences for the oil and gas industries, private jet owners, and private equity fund managers.

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As some of you probably saw last night, the Speaker of the House gave an interview on television, and in it expressed openness to eliminating unwarranted tax breaks for the oil and gas industry.

WHITEHOUSE: Press Briefing

That seems to have played out more in the House than the Senate: earlier in the month, House Speaker John A. Boehner (R-OH) indicated that he was not opposed to eliminating some tax breaks for big oil companies.

FORBES: Big Oil Tax Breaks Continue After Procedural Vote

While the general public may still look at the electric car as a novelty, its advocates see the coming wave of new models and stations as a big step toward eliminating this country's use of oil, especially foreign oil, and helping the planet.

CNN: The new fear: Electric car 'range anxiety'

Eliminating some of the overheads won't reduce the supply or the demand for oil, but will reduce the overall cost of getting it to market.

FORBES: Industry: The John D. way

Eliminating some of the overhead won't reduce the supply or increase the demand for oil, but it will reduce the overall cost of getting it to market.

FORBES: The John D. way