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Position rack to middle of oven and preheat to 300*.
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Lightly spray large baking sheet with nonstick spray.
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Mix next 5 ingredients in large bowl.
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combine oil, honey and sugar in small saucepan; bring to simmer over medium heat.
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Remove from heat; stir in vanilla.
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Pour hot liquid over oat mixture; stir well.
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Using hands, toss mixture until thoroughly mixed.
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Spread granola on prepared baking sheet.
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Bake until golden brown, stirring occasionaly, about 30 minutes (but check after 20).
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Transfer sheet to rack; cool granola completely.
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(Can be made two weeks ahead. Store in airtight container at room temperature.) Makes about 8 cups.