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Combine the oil and water in a saucepan.
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Bring to a boil.
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Add the dry ingredients all at once.
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Mix well, until mixture pulls away from side of pan.
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Remove from the heat.
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Mix for 5 minutes, then add eggs one at a time.
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Mix for another minute.
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Divide the dough into 12 portions.
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Shape the dough around each hot dog.
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Bake in a 325 degree oven on a greased cookie sheet.
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Bake until hot dogs are sizzling and rolls are done, about 20-30 minutes.