The mental image people have of the environment in Dinosaur Time is that it was lush, tropical, and paradise-like. Often a mistaken imagery of giant insects like dragonflies and such is also included; to be fair there were some large insects during Dinosaur Time, but nothing like in earlier Permian era (apparently, dinosaurs were plagued by giant fly-like insects that either fed on them or laid their eggs on them as parasites).
For some reason people tend to associate this with oxygen levels (because oxygen = life, and lots of life = lots of oxygen), when in fact the Triassic period was rather arid and desolate with relatively small amounts of vegetation, and the rush of plant-life in Jurassic and Cretaceous was caused by high carbon dioxide levels (which caused excellent conditions for photosynthesis), not oxygen levels.
Rather predictably, this has often been used as a (false) evidence on why we shouldn't be worried about the rising carbon dioxide levels on current atmosphere, and that since the climate was such a lush paradise during Dinosaur Time, surely equal amount of carbon dioxide would simply restore those conditions on Earth.
Of course this doesn't take into account that we're basically burning through copious amounts of carbon that was separated from the carbon cycle by being buried underground, mostly during the (aptly named) Carboniferous era. So first of all there is a chance that we could end up with more CO2 in the atmosphere than ever since the hellhole days of Earth's early composition, and secondly since the Sun's radiation output is constantly growing, Earth is receiving more radiation now than it did during the Carboniferous peak. So it is theoretically possible to end up with a man-made runaway greenhouse effect a lá Venus.
And even if that doesn't happen, causing rapid changes in the environment will cause massive humanitarian crisis, no matter what the end state will be. So yeah, just had to say that since it was somewhat related.
Carry on.