The multifractal theory of turbulence is used to investigate the energy cascade in the Northwestern Atlantic ocean. The statistics of singularity exponents of velocity gradients computed from in situ measurements are used to show that the anomalous scaling of the velocity structure functions at depths between 50 ad 500 m has a linear dependence on the exponent characterizing the strongest velocity gradient, with a slope that decreases with depth. Since the distribution of exponents is asymmetric about the mode at all depths, we use an infinitely divisible asymmetric model of the energy cascade, the log-Poisson model, to derive the functional dependence of the anomalous scaling with dissipation. Using this model we can interpret the vertical change of the linear slope as a change in the energy cascade.