Either it will. Or it won't.
The best part is around 3:00 in. http://thedailyshow.cc.com/videos/hzqmb9/large-hadron-collid...
One way that the LHC collisions differ from cosmic ray impacts is that the center of mass velocity is much lower. If high energy collisions created small black holes, cosmic rays could make ones that simply zip past at escape velocity (because (lots+0)/2 is still lots) while the LHC ones are captured (because (lots+-lots)/2 can be tiny).
The same logic applies to the argument that any black-holes or otherwise dangerous particles would simply zip by the Earth (stated in a sibling comment to yours). Particles of slightly lower momenta come in higher numbers, so these would produce the dangerous particle, but not retain enough momentum to escape. Since the Earth has not been destroyed, there are no particles produced at low enough energies for us to destroy ourselves.
See, for example: http://www2.astro.psu.edu/users/nnp/cr.html.