How to execute a file with (---x--x--x) Permissions and I am not the owner?

[Gregory Piñero]

It's a python file and I tried running these two commands and get the
following errors:

$ python backup_all.py >> log.txt
python: can't open file
'/home/chiefinnovator/backups_all_web/backup_all.py': [Errno 13]
Permission denied

$ backup_all.py >> log.txt
python: can't open file
'/home/chiefinnovator/backups_all_web/backup_all.py': [Errno 13]
Permission denied

Since this file has passwords in it, I wanted to make it execute-only.
 Is that not possible?  I also set the owner to root if that matters.

Thanks,

-- 
Gregory Piñero
Chief Innovation Officer
Blended Technologies
(www.blendedtechnologies.com)