I went out and picked up a folding clothes drying rack. I put the rack a few feet away from the fireplace insert with the clothes hanging on it. Within an hour the house was "downy fresh" smelling, and after 6 hours the heavy sweats were completely dry. So besides saving oil and now I can save a some kwatt hours during the winter months and add some moisture into the air. I got an idea my dad and granddad would be saying "what took ya so long to figure this one out?"
But yes, that's the way to do it in the winter months. 