O2 and Cypriot airliner crash

In accounts of the crash of the Cypriot airliner in Greece, all I've
read say that loss of cabin pressure could not, by itself, incapacitate
the pilot. Yet, I was once told by an ATP that at 40k feet (admittedly
this plane was at 35k) O2 supply by itself will not suffice to keep you
conscious and that the drop down masks only give a false sense of
security. He said that the ambient pressure is so low that even 100% O2
does not provide enough to keep you conscious without a pressure
breathing mask. If he's right, that could explain the crash, especially
given that all it would take is 20 seconds of distraction (i.e., not
donning the mask) to knock out the pilot as indicated in the table
below. On the other hand, I checked and a standard atmosphere at 35k
feet is 7.0 in of Hg, which is more than the partial pressure of O2 at
sea level (6 in = 20% of 30 inches), which would seem to contradict the
info given by the ATP. Any thoughts or corrections to my reasoning?


Tlme of useful
consciousness
Altitude (ft) without oxygen

40,000 15 seconds
35.000 20 seconds
30,000 30 seconds
28,000 1 minute
26,000 2 minutes
24,000 3 minutes
22,000 6 minutes
20,000 10 minutes
15.000 Indefinite