Lazy Red Velvet Cake Recipe

Name: Lazy Red Velvet Cake Recipe
Ingredients: For the Cake; 2 cups (8 1/2 ounces) instant flour; 2 cups (14 ounces) sugar; 1 cup cold water; 8 tablespoons (4 ounces) unsalted butter, cubed; 1/3 cup canola oil; 4 tablepoons unsweetened, dutch processed cocoa powder; 1/2 cup buttermilk, well-shaken; 2 large eggs; 2 teaspoons vanilla extract; 1 teaspoon baking soda; 1 tablespoon red food coloring gel; For the Frosting:; 8 ounces cream cheese, slightly softened; 4 ounces unsalted butter, softened to room temperature; 2 1/2 cups confectioners sugar