It didn't work in the 70's for 3 reasons. The first is what you stated, political. That landscape has now changed, worldwide.
Second was economics. PV cells were cost effective for the Space Program, that was IT. Totally different parity today.
Third was technology. Even the best cells barely made 3% and much of that energy was lost in the converters to AC. Solar was best at DC applications in the 70's. Todays electronics efficiencies are 40 years improved.
we don't produce elec. with crude oil...none. There is no correlation whatsoever. Elec. is produced from coal, natgas, nuke, hydro, and a few alternatives.
Coal is the big boy over 50%. Once fslr can compete on price, which is what they are now saying they can do, there is no stopping capitalism. It has already started in the Southwest where there is the best sun and highest prices.
loan guarantees gone, as evidenced by Buffet's buy of the plant last week, model is totally broken, sell and short to $0.xx, FSLR is a goner. Watch their precious cash dry up, profits implode as customers default on orders as corporate loan guarantees ripped away, etc. etc. The next Enron, just setup for the new generation of moronic money managers who don't know any better.