Heathen, here is the most recent word from the Society on dinosaurs (from 1990):
*** g90 2/8 p. 11 What Happened to the Dinosaurs? ***
The Genesis Account and Dinosaurs
While the radioactive dating method is innovative, it is still based on speculation and assumption. In contrast, the Bible account in the first chapter of Genesis simply states the general order of creation. It allows for possibly thousands of millions of years for the formation of the earth and many millenniums in six creative eras, or “days,” to prepare the earth for human habitation.
Some dinosaurs (and pterosaurs) may indeed have been created in the fifth era listed in Genesis, when the Bible says that God made “flying creatures” and “great sea monsters.” Perhaps other types of dinosaurs were created in the sixth epoch. The vast array of dinosaurs with their huge appetites would have been appropriate considering the abundant vegetation that evidently existed in their time.—Genesis 1:20-24.
When the dinosaurs had fulfilled their purpose, God ended their life. But the Bible is silent on how he did that or when. We can be sure that dinosaurs were created by Jehovah for a purpose, even if we do not fully understand that purpose at this time. They were no mistake, no product of evolution. That they suddenly appear in the fossil record unconnected to any fossil ancestors, and also disappear without leaving connecting fossil links, is evidence against the view that such animals gradually evolved over millions of years of time. Thus, the fossil record does not support the evolution theory. Instead, it harmonizes with the Bible’s view of creative acts of God.