Gov. Rick Perry has released a jobs plan. Or is it an energy plan? Or it is an EPA-reform plan? Or is it a trade-deficit plan? The plan is a bit of each, and it is a very good one. Governor Perry, under whom Texas enjoyed the strongest job-creation record of any large U.S. state, proposes to open up oil and gas production in areas in which American producers are either shut out or heavily restricted: the Gulf of Mexico, the Florida coast, and Alaska, among others. Perry’s plan also entails the approval of the Keystone XL pipeline and the...