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My feeling is that until $100/barrel, there will just be a lot of talk and little action.
The American way of life will be preserved -- for a far smaller number of Americans however. The remainder will be reclassified as un-Americans and put on the do-not-walk-around-free list.
Is that what you meant by "what will happen next"?
We need to educate the public on the tradeoffs - would you rather carpool to work every day and live the rest of your life as you do now? Or would you rather drive to work every day and live the rest of your life breathing through a surgeons mask and wearing white clothes to keep cool? These questions need to be asked ahead of time, with advocacy and science united to paint the pictures.