Place yeast, sugar, and hot water (110-115°F) in a large bowl.
Gently whisk and let stand for about 5 minutes, until bubbly.
Stir in oil, molasses and one cup of the flour. Mix well.
Add salt and enough remaining flour to make a stiff dough. (Note- you may not need all of the flour.)
Knead the dough for 8 minutes on a lightly floured surface. Cover and let rest for about 15 minutes.
Divide the dough into 8 even pieces and roll between palms to form each into a 10-inch long strip. Form a circle and press the ends together to make a whole circle. Be sure to make a good seam by pressing the dough together tightly where the ends meet.
Place bagels on a lightly floured surface, cover and let rest and rise for another 10-15 minutes. They will be slightly puffy.