The OP's question was that he was only going to keep the vehicle for 2 years and is he wasting money on M1.
To answer that specific question, yes. For 2 years he is probably wasting his money.
Unless, he uses synthetic to change / double his oci, in which case he'll break even and save himself some time.
And, he may even get some sort of fuel economy improvement from synthetic.
But put it this way, oil for a car, probably after wipers, is the most negligible cost item.
If you drive 10,000 miles a year and get 25mpg and gas is $4 a gallon, you spend $1600 a year.
If you instead get 25.25mpg, you spend $1616 a year.
Are you going to fret about getting 25.25mpg vs 25mpg? Probably not, but that's the difference between the cost of synthetic oil and dino.
In the US, synthetic is so cheap, and so miniscule a cost of maintenance, that it's a no brainer to use it.
You'll get more cost savings on car related items if instead of pondering dino vs synthetic you instead spent it on any number of other things such as:
1) Looking for rebates for all parts and fluids
2) Adjusting your insurance coverage
3) Finding out the critical maintenance items on your vehicle and making sure they were up to date eg critical fluids such as coolant concentration level and ph, brake fluid, whether your tires are inflated properly
4) Choosing and negotiating on car purchases to minimize depreciation
Seriously, deciding whether to spend $10 extra on synthetic is a serious waste of effort!