  We report the discovery of an O VI absorption system at z(abs) = 0.14232 in a
high resolution FUV spectrum of PG0953+415 obtained with the Space Telescope
Imaging Spectrograph (STIS). Both lines of the O VI 1032, 1038 doublet and
multicomponent H I Lya absorption are detected, but the N V doublet and the
strong lines of C II and Si III are not apparent. We examine the ionization
mechanism of the O VI absorber and find that while theoretical considerations
favor collisional ionization, it is difficult to observationally rule out
photoionization. If the absorber is collisionally ionized, it may not be in
equilibrium due to the rapid cooling of gas in the appropriate temperature
range. Non-equilibrium collisionally ionized models are shown to be consistent
with the observations. A WIYN survey of galaxy redshifts near the sight line
has revealed a galaxy at a projected distance of 395 kpc separated by ~130 km/s
from this absorber, and three additional galaxies are found within 130 km/s of
this redshift with projected separations ranging from 1.0 Mpc to 3.0 Mpc.
Combining the STIS observations of PG0953+415 with previous high S/N GHRS
observations of H1821+643, we derive a large number of O VI absorbers per unit
redshift, dN/dz ~20. We use this sample to obtain a first estimate of the
cosmological mass density of the O VI systems at z ~ 0. If further observations
confirm the large dN/dz derived for the O VI systems, then these absorbers
trace a significant reservoir of baryonic matter at low redshift.
