Bill Deshivs: Ducked out and did an extensive web search on rust, iron, steel, and bacteria. Seems there's a lot of controversy about the topic in the scientific community. Most agree with you that oxygen and water combined cause it; others say it's "nano bacteria." I don't know. I was quoting from a 1909 tome written by Greener of Brit shotgun fame. The thought then was that bacteria DID cause or at least contribute to rust.
One thing some of the research did bring up---bacteria are present in ferrous rust and their excretions cause or promote corrosion. Way beyond my limited knowledge and something to do with hydrogen, various sulphides, etc.
Anyway, pardner, maybe we're both right. You more right for sure but maybe me also to some extent also because boiling water was referenced as one way to kill the bacteria present in iron rust. Something Greener also recommended in his book "Development of the Gun." I love that book, by the way. He starts with throwing rocks and ends up with machine guns, auto pistols, etc., as used in 1909 when he released it as the ninth edition. One thing suprising, even startling, about the book is how much they knew then in areas such as metallurgy, alloying, heat treating, tempering, stress testing, ballistics, chemistry, and so on.
Anyway, best regards and sorry if I stepped on it.