Call me crazy...............
I don't think that MM should be kept around, but the energy crises is already effecting motorsport attendance in the US and it will spread rapidly throughout the world. Thus I think in 5 years it will be a mote point as to who is president of the FIA.
A Ruling Council within the FIA is needed
A Ruling Council within the FIA is required to control on the direction of motorsport. Countries which have an active participation in international events such as World Championship Rallying, F1, Champcars or whatever it has evolved into these days, and so on should vote on matters concerning the running of the FIA. Countries which have no active participation in International events (including the hosting of such events) would have no say.
So countries like Italy, Germany, France, and the UK which holds International events, as well as having teams in F1 would be the ideal candidate.
The other extreme would be Burma which has nothing to do with International Motorsports of any kind.
If this idea fails, and I am sure it will, then the countries which have a vested and high monetary interest in F1 will pull out of the FIA so that they can control their destiny.