Whisk together sugar, honey and 1 teaspoon of baking powder. Add to a medium saucepan and simmer on a low heat until the mixture caramelizes (changes color to red/brown), stirring regularly.
Add butter and stir until it completely melts. Remove from heat and let it cool for about 5 minutes.
In a separate bowl, whisk eggs, vegetable oil and water until mixed.
Add to the honey mixture and whisk gently until incorporated. Put the saucepan back on medium-low heat and stir in 1½ teaspoons of baking powder. Simmer. When it starts bubbling on the surface, stir, cooking, for 1 minute more, then remove from heat and pour into a separate bowl.
Immediately add 1½ cups of flour to the mixture and stir to incorporate.
While the dough is still hot it will stick to your hands; sprinkle dough with additional flour to collect it together, then divide into 4 parts. It may feel runny, but will tighten as it cools down.
Preheat oven to 350°.
Form sectioned dough into 4 balls. Between two sheets of parchment paper, roll out each ball into desired shape (I use a rectangle but a circle can work too). Dough should be rolled until about ¼ inch thick, similar to pie crust. Remove one of the parchment sheets and then bake each flattened section on a jelly roll pan or cookie sheet for about 10 minutes, or until edges begin to color.
Remove from the oven and cook the next sheet. Continue until all 4 sections are cooked and cooling.