Sinkholes, caveins, and such are caused by removal of natural resources much closer to the surface. Things such as salt, coal, etc..
As far as pumping water into the "empty" oil wells to lower ocean levels... Well, it would make a literal spit in the ocean's difference.
According to the NOAA, there is about 352,670,000,000,000,000,000 gallons of water in the oceans. That's 8,396,904,761,904,761,904 barrels of water. That's quintillion.
IIRC someone earlier said the earth uses 52,000,000 barrels of oil in a year. That's .0000000062% of the total water in the ocean.
Besides it would probably come back up as steam anyway.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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