Heat oil in a deep skillet over medium heat. Saute rice, onion, and bell pepper until rice is browned and onions are tender. Stir in water and tomatoes. Season with chili powder and salt.
Cover, and simmer for 30 minutes, or until rice is cooked and liquid is absorbed.
Notes
Cooking time if using brown rice is more like 50 minutes.
Recipe by Living Full on Life at https://www.livingfullonlife.com/?p=1532