Heat oil in a medium saucepan. Over medium heat add rice and toast until just golden brown.
Carefully add in chicken broth, tomato sauce, garlic powder, and cumin.
Bring to a boil then reduce heat and cover. Allow to simmer for 25-35 minutes until liquid is absorbed. Remove from heat and fluff with a work.
Mix in diced cilantro and lime juice. Fluff again then serve.
Notes
Can I use another type of rice? I prefer long grain rice but you can use a standard short grain rice in it's place. The rice could be more sticky but will still taste great. Can I freeze this rice? Yes, you can definitely freeze this recipe. Once it's ready allow it to cool completely. Then place it in freezer bags and into the freezer for 3-6 months. When you are ready to eat place your bag of rice in the fridge to thaw. To warm it just place it in the microwave for a few minutes.