I love trees.... we have many near to us that are very old. One died a long time ago, but it still keeps giving, offering a place for woodpeckers and other wildlife.
On the tv last night I caught a bit about when there was a fuel crises several hundred years ago when people were chopping down trees and using the wood for building, heating and cooking. It was a disasterous time, but then coal coal was discovered... and we were all saved!
I hope they take care of the tree, and let it take it's natural course in nature. They should collect as many acorns from it and grow them, after all it's a long liver, it's likely that it's offspring will be too.