No, because it's unconscionable to fuck up one of the last pristine places on the planet to put money in the pockets of the giant oil corporations... 
LOL! Have you even seen the area? Half the year it's in complete darkness. Of course, you'll never go there because you can't since it's so remote.
And when the price of oil goes up it effects everything not just the gas in your tank. Everything you have has to be flown, shipped or trucked. The price of food, clothing, housing EVERYTHING goes up. How will this help our already faltering economy.
The profit margin for oil companies ranges from about 7-10%. Microsoft has a profit margin over 30%. You have a problem with companies making a profit? Do you have a job? Do you work for free? Does your company make a profit?
You drive a car? Oil, whether you like it or not, is here to stay for the foreseeable future. The question is do we want to produce our own oil or continue to support terrorist countries that want to kill us.
What would you do?