That's the most well though out answer I have seen yet and your exactly right. Every drop of water that was here 1000 years ago is still here. The two $10,000 questions are wether it's all still usable or not, and how best to use it.
The only major difference I see in what the two of us are syaing is this. In your case your basically talking about the ways we have already screwed with the natural balance of things and how it has effected us. Thing is I think things have already been taken way to far to back up without dire consequenses. In my case I'm trying to take everything that has already been done into account and figure out a way to get outselves at least partely out of the hole we've dug for ourselves. Either way is going to have consequenses and costs attached, that's a given. One thing about it it though, doing nothing is getting us absolutely nowhere toward solving both the problems thrown at us by natural nor the problems caused by the things that have already been done.
Granted the idea may not be perfect, and it may take years and years, and billions to do, but why not try? The Earth is already becoming overpolulated and not able to sustain all of us naturally, so it seems to me the cost not to try would be far greater than the cost to at least give it a try.
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