We don't need this story to care about water usage...

Excess groundwater extraction already causes numerous issue across the globe without considering a small effect on the Earth's tilt. Surely you don't need to accept any of the climate change science to accept that making the world a better place, doing less harm and using limited resources at a slower rate is a good thing. That's just simple thoughtfulness, common sense and good planning (all things humans are often terrible at).

Observations matching predictions is junk science.