Not only is the idea that 'oilmen' like Bush and Cheney will profit from liberating Iraq an empty and ridiculous notion but the statement above is very telling about Saddam. He could personally be richer by a huge factor if he just played along with the U.N. and rode that big wave of oil. As long as he kept within his borders and didn't kill dissenters too overtly he could maintain his iron fist control over Iraq. He obviously has other ambitions.
I'm not sure it is a ridiculous notion, but so what? The real question is, "Is profit their motive?". I doubt it is; but they are (or were) businessmen, and successful ones. So they might make some money in the process, but it may shouldn't matter, except to the whiner crowd.