The U.S. shale gas boom has legs that will last decades, a major new study says.

The Via Meadia blog writes: "A comprehensive new study indicates that the shale gas boom will continue for decades and plateau in 2040. The study, conducted by the University of Texas, looked at 15,000 wells drilled in the Barnett Shale formation."

The Wall Street Journal has a story on the report on the front page in today's paper.

The Via Meadia blog entry can be read here.