If your wine is oxidized and you decide you don't want to keep it. Try using a Mother of Vinegar culture and use the wine to make some homemade vinegar. You can purchase cultures from many LHBS's or online.
I now have a white and red wine vinegar jug and never throw away any wine that has not been consumed or I have deemed inadequate for wine consumption.
P.S. Making wine at home is as obsessive as home brewing beer. You have been warned.