Groucho,
The primary reason why cheap petroleum oils have to be changed frequently is that they rapidly degrade from heat and oxidation. In addition, they are normally formulated using a low level of additives to save money. Often the quality of additives they use is also not that great.
PAO/Ester synlubes are much more resistant to heat and oxidation and they are formulated with significantly more robust, 11-13 TBN, additive chemistries. They are able to neutralize acids much longer and are able to harmlessly suspend and disperse more contaminents.
In a properly functioning engine, most of the water and fuel simply evaporate. Silicon is rarely a problem unless you drive on dirt roads.
I've probably averaged 12,000-15,000 mile change intervals over the past 25 years and never had any lubrication related issues. Average drain intervals all across Europe are up to about 10,000-12,000 miles, with ACEA A3/B4 quality synthetics and synthetic blends.
TS