Pumpkin Bread

Beat oil and sugar, add eggs one at a time. Mix in pumpkin and water. Mix together flour, baking powder, soda, salt, cinnamon and nutmeg, add to mixture. Mix only until moist. Stir in nuts. Pour into greased loaf pans and bake 350ºF.  for  1 hour or until cake tester comes out clean when inserted in center.