Preparation: Chop onions and shred carrots. Warm up the oil in the big pot (I use a dutch oven.) Add carrots and onions to oil and cook until golden. Add rice and water (enough to cover the rice). Add salt, pepper and bay leaves to suit your taste. Place pot into oven, and cook at ~ 350 degrees for about 30 minutes (until rice is done).
Variations: If you want to add meat, chop it into small pieces and saute it until done with the veggies in the oil. Other tasty additions: chopped tomatoes and cilantro, asparagus (or any other veggie you love), red pepper flakes (one of my favorites! Yummy!). It also turns out well with brown rice.