Yes, but then you weren't asking about using Star San to oxygenate wort now were you.
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http://www.brewingtechniques.com/library/backissues/issue4.6/miller.html
Excerpt;
"To answer your second question, I consulted my friend Dr. George Fix, author of
The Principles of Brewing Science (1). Based on his answer, I would not even try to use peroxide as a substitute for an aerating stone. Here's why. Hydrogen peroxide is basically a water molecule with a second oxygen atom loosely attached. That loose oxygen is highly reactive and makes peroxide a powerful sanitizer. As you might expect, adding a dose of sanitizer to a freshly pitched wort clashes with the mission of your yeast. When Dr. Fix tried using peroxide to oxygenate wort, he managed to kill most of the yeast rather than make it grow. The resulting fermentation was typically problematic - long lag period, slow and incomplete attenuation, high levels of by-products, and so forth. Based on Dr. Fix's findings, I do not recommend peroxide as a substitute for air or oxygen in cold wort, and I see no point in calculating the volume of H2O2 required."
http://www3.interscience.wiley.com/journal/119873258/abstract?CRETRY=1&SRETRY=0
http://www.newton.dep.anl.gov/askasci/gen01/gen01340.htm