Nope. Driving it would be a bad idea. Oil like Diesel can ignite with compression. If oil passes into the intake via the turbo it can start to run on its own oil and rev uncontrollably. It will not stop even if you turn the ignition off and will cause damage and will most likely ruin your engine.

Thanks dode.
Just that I have always noticed some drivers (must say I considered their actions unfair to other road users) with vans belting out stinking smoke from exhaust? What I normally do is pull over and let at least 5 cars through so i'm not in the path of the stinking smoke.
So may be I should not emulate their behaviour. The smell of burning oil & smoke is not good

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Men will always be kids. Even after they have grown up, they keep trying to go back where they originally came from!