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).
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Notes
*Keep in mind microwave cook times may vary depending on the microwave. This recipe was tested on a 900-watt machine.*Note: Microwave recipes do not always 'double' well. To make larger batches, try increasing the cook-time by adding 3 minutes to the 'covered' cook-time for each ½ cup of rice added.