Put oil and rice in a deep, heavy bottomed pot. Open the heat to medium and stir until rice is fragrant.
Add the water and the salt, cover and let it simmer. When all the water is almost absorbed (about 10-15 min), turn off the heat, fluff it up gently with a fork and let it rest for 20 min.
After 20 min, stir gently with a fork to re-fluff, and serve. Eat.