There is A Lot of Water on the Moon

Fuck yes.
http://www.nasawatch.com/archives/2009/09/there_is_a_lot.html

>Reliable sources report that there will be a press conference at NASA HQ at 2:00 pm this Thursday featuring lunar scientist Carle Pieters from Brown University.

>The topic of the press briefing will be a paper that will appear in this week's issue of Science magazine wherein results from the Moon Mineralogy Mapper (M3) aboard Chandrayaan-1 will be revealed.

>The take home message: there is a lot of water on the Moon.

This is going to make a permanent manned presence on the Moon that much easier.

>>3
I have not further investigated but there was a theory about a meteor so long ago when it hit the earth, a very big chunk from earth's surface flew to space which is now we call as the moon. If this is true it is understandable that moon has water because the minerals consisting the earth crust has significant amount of water with them because they are polar compounds they hold water. You might remember formulas like  MgO2.5H20
Water just surrounds the molecule and if they somehow form a crystal lattice with other minerals water would become free.