"...It may turn out that there is too much oil for our own good. A massive increase in known oil reserves could lower oil prices and drastically devalue existing reserves.
A longer-term problem is that an unchecked increase in oil consumption could place untenable strain on the global environment. Already human activities in our oil-dependent society have led to alarming species extinction rates. An oil glut could accelerate this problem.
It would be ironic if the Chicxulub impact event turned out to be a time bomb that was not only associated with the extinction of the dinosaurs and other species at the end of the Cretaceous Period, but also with another mass extinction resulting from human activities some 65 million years later. "
So the dangerous facts here are deeply tied to the man-made global warming belief system as well as the economic fortunes of oil companies
That would, at least IMHO, appear to be the case.