In a medium pot, bring the vegetable stock, or salted water, to a boil. Add rice and about 1 tablespoon. of oil. Reduce heat to low, and simmer for 20 minutes, until the rice is cooked through and fluffy.
In the meantime, heat up a large skillet over medium heat, add the oil and onion, and cook for about 5 minutes.
At this point, add the bell pepper, garlic, and jalapeno. Cook for another 3-5 minutes.
Now, add the cumin, chili powder, salt, and pepper. Stir, and cook for 1 minute, until the spices are fragrant.
Add in the kidney beans and cook until just heated through.
Lastly, add the cooked rice and cilantro. Stir, turn off the heat, and serve.
