For the most part, this is true. The amount of water fluctuates regularly as it is ionized by various methods (including ambient UV in daylight) into H2 and O2, then recombined in combustion and other catylistic processes. I'd estimate the fluctuation to be somewhere around +/- 100,000 gallons per 24 hour period. But I could be off by an order of magnitude.
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The ultimate result of shielding men from the effects of folly is to fill the world with fools.
-- Herbert Spencer, English Philosopher (1820-1903)