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Heat 2 tablespoons oil in 3 quart saucepan over medium-high heat.
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Add rice, cook, stirring constantly until lightly browned, 3 to 5 minutes.
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Add water and 1 teaspoon salt, stir briefly, bring to boil and reduce heat to low.
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Cover tightly and cook 15 minutes.
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Turn off heat and let rice stand on burner, covered, 15 minutes longer.
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Chill rice in refrigerator 2 hours or overnight.
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Wait for the rice to chill before beginning next step.
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Scramble eggs in remaining 1 tablespoon oil and set aside.
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Cut bacon into 1/2 inch pieces with scissors and fry until almost crisp, drain and set aside, reserving drippings.
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Saute yellow onion for 2 minutes in bacon drippings in large non-stick skillet over high heat.
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Add rice and stir-fry until heated through and sizzling.
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Add soy sauce, remaining 1/2 teaspoon salt, pepper, eggs, bacon, and green onions.
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Mix well and serve.