Oil is a strategic resource. They don't just want to make profit from it. It's the military industrial complex involved here as well as the oil industry. They want to establish control over a strategic resource and they can have substantial control over the world with it.
You know who also has a large influence on the reason why we think ME oil is important? The 150 million soccer moms driving their SUVs to the grocery store every week.
The economy needs oil, ALL OF IT. And not just ours, you do realize that Europe and Japan are dependant on it too? So it is not even a selfish desire to keep the oil trade open.
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