I have the worst luck making rice. I found this on the food network and made it for my DBF's birthday dinner since he loves rice. It came out perfectly and he even had seconds.I'm not sure if it is the "Best" but it certainly is wonderful!
Place the rice in a large saucepan with the butter, olive oil, and salt, and chicken broth (or water). Bring to a boil, uncovered, and cook until you see holes forming that tunnel down into the rice forming on the surface, about 15 minutes.
Reduce the heat to the lowest setting and cover the saucepan. Cook for 20 minutes, then fluff and serve.