President Obama’s energy policies stifle private market efficiency by promoting a top-down approach to innovation. By fear-mongering about the full use of America’s natural resources, the president has diverted resources away from reliable forms of energy, opting instead for arbitrary and wasteful government-selected grants, says Rep. Fred Upton (R-Mich.), chairman of the U.S. House Committee on Energy and Commerce. This approach to the future of domestic energy is discouraging, as it ignores lessons that the executive branch should have learned [...]