On ariving here yesterday evening, we met Saudi Oil Minister Ali al-Naimi who too believes that the world has enough oil and it was speculation and paper trading that is to be blamed for the escalation in prices 
Selected and fresh photos from around the web.
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Editor's pick
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A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.
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BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.
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Georgian soldiers run near a blazing building after a Russian bombardment in Gori, 80 km (50 miles) from Tbilisi, August 9, 2008. A Russian warplane dropped a bomb on an apartment block in the Georgian town of Gori on Saturday, killing at least 5 people, a Reuters reporter said. The bomb hit the five-story building in Gori close to Georgia's embattled breakaway province of South Ossetia when Russian warplanes carried out a raid against military targets around the town.
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CARSON, CA - JULY 31: Andre Villa practices in the Moto X Freestyle during the summer X Games 14 at Home Depot Center on July 31, 2008 in Carson, California.
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Hot off the wire
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Israeli Prime Minister Ehud Olmert attends his government's weekly cabinet meeting in Jerusalem on Sunday, Sept. 7, 2008.
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Jeff Glasbrenner of the U.S. falls. during their wheelchair basketball preliminaries Group B match against Israel at the Beijing 2008 Paralympic Games September 7, 2008.
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Dotan Meishar of Israel (2nd R) shoots against the US in their Group B basketball game at the 2008 Beijing Paralympic Games in Beijing on September 7, 2008. US won 76-53.
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Recently starred
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Former astronaut Lisa Nowak (R) speaks to the press as her attorneys Cheney Mason (L) and Donald Lykkebak (C) stand with her after her pre-trial hearing at Orange County Court in Orlando, Florida August 24, 2007. Nowak is accused of stalking and attacking Air Force Capt. Colleen Shipman at Orlando International Airport.
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Supporters of the ruling Pakistan People's Party (PPP) celebrate the victory of Asif Ali Zardari, widower of slain former premier Benazir Bhutto, in the presidential election, in front of The Parliament House in Islamabad on September 6, 2008. Zardari secured a large win in Pakistan's presidential elections on September 6, capping a remarkable rise from jail, exile and his wife Benazir Bhutto's assassination just nine months ago. The controversial front-runner swept a poll among lawmakers to become the 14th president in Pakistan's short but turbulent history, taking power in the world's only nuclear-armed Islamic state and frontline "war on terror" ally.
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Supporters of the ruling Pakistan People's Party (PPP) celebrate the victory of Asif Ali Zardari, widower of slain former premier Benazir Bhutto, in the presidential election, in front of The Parliament House in Islamabad on September 6, 2008. Zardari secured a large win in Pakistan's presidential elections on September 6, capping a remarkable rise from jail, exile and his wife Benazir Bhutto's assassination just nine months ago. The controversial front-runner swept a poll among lawmakers to become the 14th president in Pakistan's short but turbulent history, taking power in the world's only nuclear-armed Islamic state and frontline "war on terror" ally.
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Supporters of the ruling party, Pakistan People's Party, chant slogans as they celebrate the victory of Asif Ali Zardari in the presidential election in Islamabad September 6, 2008. Zardari, the widower of former Pakistani prime minister Benazir Bhutto, swept to victory in a presidential election on Saturday, as a suicide bomber killed at least 10 people in the northwest.
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Quotes about Ali al-Naimi
Quotes from articles mentioning Ali al-Naimi
I do not deal in conjecture. That is a big assumption and it is invalid.
said Ali Al-Naimi
in TradeArabia
The limits to future petroleum supplies have more to do with politics than with geology and resource availability.
was said
in TradeArabia
Informed studies of the resource base tell us there is plenty of recoverable oil left in the ground, perhaps as much as 5-7 trillion barrels
was said
in TradeArabia
Where is the customer. If there is a customer, the answer is yes. If there is no customer, the answer is no. Somebody has to buy the oil
was said
in TradeArabia
