California oil spill may have been caused by ship anchor

By Axios

The devastating oil spill off the coast of Southern California occurred after an underwater pipeline was split open and dragged along the ocean floor, potentially by a ship's anchor, officials said Tuesday, AP reports. Why it matters: Earlier Tuesday, California Gov. Gavin Newsom declared a state of emergency due to the oil spill, which is believed to have dumped 127,000 gallons of oil into the ocean and closed a number of beaches.Stay on top of the latest market trends and economic insights wit

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