"Moon/Earth L1 station is not bad idea only when utilizing LOX from Moon for trips to Mars. In all other cases it is useless."<br /><br />Entirely incorrect, smradoch. It is THE location to be to stage moon colonization as well as exploration of the rest of the solar system, exploitation of asteroid and comet mining, etc. L1 is where the first tether will really be built, to the moons surface, and can be done with current day technology, we dont' need to wait for nanotubes. As the location of the first tether, it will be the point at which not only LOX, but refined silica and/or solar cells will route to from the moons surface, to be built into solar power stations, and iron, aluminum, and titanium for metal space structures.<br /><br />The counterbalance of that tether will catch payloads coming from earth on highly eccentric transfer orbits using GEO delta-v, rather than translunar delta-v, so it will reduce the cost of getting to the moon.