Optional but recommended: Soak rice in water for at least 20 minutes before cooking. (Soaking helps to elongate the rice-- Skip if you don't have time.)
Rinse rice in a mesh sieve.
Add rice, water, oil, and bay leaves to a large microwave-safe bowl. Cover bowl with lid.
Microwave covered at 60% power for 12 minutes.* (See Recipe Notes). Remove the lid, and cook uncovered on 100% power for 6 minutes. Serve as a side dish, refrigerating or freezing leftover rice.
Leftovers:This rice is best served immediately, but can be kept refrigerated in a sealed container for up to 4 days. To reheat, add about a tablespoon of water, and microwave covered until warm (2-3 minutes).
