It seems unlikely because it isn't even rooted in precedent. If this were the case why didn't the world divest from everything and invest into petroleum related

It seems unlikely because it isn't even rooted in precedent. If this were the case why didn't the world divest from everything and invest into petroleum related investments exclusively after 1900? The reality is that diversification has advantages for an investor. One might say with this same logic why does anyone buy any stock that doesn't perform as well as nvda today? Because past performance doesn't guarantee future returns and there is sense in diversification.