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Hydrogen fueled cars in 1978?

Okay seriously, check this out. This video about hydrogen cars, starring Jack Nicholson, sounds like it is from a news clip that happened two days ago, yet it's from 1978! So let me ask you this, what went wrong and why can't this just be easily revived now? And if it can, why is it that we keep hearing that hydrogen is so "far down the road" when we had working prototypes of hydrogen cars in 1978? Of course the answer is oil companies put it down but still, look at the potential we had and squandered in the 70's and make sure to not let it happen again.

http://www.kontraband.com/videos/13041/Jack-Nicholsons-Car/#show

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