Saudi Oil Minister al-Husseini says wikileaks quoted him out of context.
Wikileaks effectively says that the oil minister said that the Kingdom does not have the estimated reserves bandied about and thus the oil reserves are overstated by 40%.
In fact, what he was alluding to was that in 2007 Saudi State Oil Company Aramco said that their reserves were 716 billion barrels which would on current technology trends rise to 900 billion barrels recoverable in 20 years time (2027).
The denial wikileaks alleged meant that the 716 billion barrels were false.
In fact, al-Husseini goes on record to say that the 716 billion barrels reserves are almost certainly correct whereas he was skeptical about the 900 billion barrels.
The full story is here: http://www.rigzone.com/news/article.asp?a_id=103987&hmpn=1
Make up your own minds