Wolf Energy Services Inc (WOEN)

[Oxonius]

California Oil Spill

A pipeline off the coast of Southern California burst Saturday, releasing an estimated 126,000 gallons of oil into the Pacific Ocean. As of last night, there were reports of dead fish and birds washing up between Los Angeles' Huntington and Newport beaches.

Huntington Beach officials canceled the final day of a scheduled air show in response to the crisis. The leak appears to have come from a faulty underwater pipe located roughly five miles off the California coast, part of a platform that receives oil from about 70 wells before sending it to a local refinery for processing.

Officials say beaches in the area may be closed for months as workers attempt to mitigate the spill.