Combine first 3 ingredients in a large mixing bowl, stirring with a whisk to remove large lumps. Add oil and next 3 ingredients, stirring until smooth. Stir in chocolate morsels. Pour batter into a greased and floured 12-cup Bundt pan.
Bake at 350° for 1 hour or until a long wooden pick inserted in center comes out clean.
Cool cake in pan on a wire rack 10 minutes; remove from pan, and let cool completely on wire rack. Spread with Chocolate Glaze.