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Ultimately everyone will be in misery except of a few capitalists with their tax residence in offshore tax havens (in Spain we call them "fiscal paradises" ;-) Or we will get a World Economic Government charged with global redistribution, or Free Trade™ will end. Bush is a symptom, not the disease.
And things need not play out like that at all. We tax the rich, maintain reasonable equality, and if they move to tax havens we invade and occupy them. And then we shoot them to send a clear message that not paying your taxes is a crime. Or even worse, as Talleyrand would have said, a blunder. Peak oil is not an energy crisis. It is a liquid fuel crisis.
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