Preheat the oven to 350°F.
Beat butter, oil, sugar, powdered sugar, water, eggs, and vanilla until smooth and well combined. Add the dry ingredients slowly to incorporate.
Roll into balls.and lay on a cookie sheet lined with parchment or a silpat.
Dip the bottom of a glass some sugar and press down on each cookie.
Bake the cookies for 8-10 minutes, or until the bottom is lightly browned.
Cool.