Condensation can only happen when the oil is in a completely open system where air can go in and out freely, which in a standing engine not is the case. And once more: those that tell you to change "old" oil, do not throw away their stock, even if it stands for years. When people buy oil, they don't have any idea whether that batch was made the day before or five years ago; however, from that moment on they start counting the recommended period. Only makes sense for driving up sales to the uncritical crowd.
In this strategic turn-over pushing context: in the 50s, 60s and even the 70s the owners of cars were told by the dealers that in a few weeks the one-year guarantee on their car was going to end, so they better should buy a new one right away, and a big majority took again a full bank credit to buy the latest model; that is the tactics where the US car industry got big with. I never heard of anyone ever coming with the only right response: "Are your cars that bad that after just one year they start falling apart?"