The Experts: Journal Report

• Let's Rethink the Role of Manufacturing in Climate-Change Policies

  KATE GORDON: In the days leading up to China's recent Victory Day parade through Beijing streets, the city's officials temporarily shut down factories and ordered cars off the road to try to limit smog (it worked; the parade day dawned under blue skies). Neighboring Hebei province, one of the largest steel-producing regions of the world, has gone even further, pledging to move 5 million tons of steel and cement production capacity overseas by 2017 to help address the area's air quality problems.

• A Year-End Plan for Your Lagging Energy Investments

  ROBERT RAPIER: With the end of the year approaching, the performance of investments in the energy sector is all but assured to be at or near the bottom among all sectors. Thus, you may be one of the many investors, like me, with taxable gains in some of the nonenergy portions of your portfolio.

• How Exporting U.S. Liquefied Natural Gas Will Transform the Politics of Global Energy

  JASON BORDOFF: The U.S. energy trade has been in the news often recently, with questions such as whether industry will be allowed to send oil overseas or import it via a certain pipeline from Canada.

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