Cover them with the lid and let them sit out overnight. Drain and discard the water off of the soaked beans. Add 8 cups of water and *1 tablespoon of olive oil to the beans.
Bring the pot to a boil and then reduce the heat to low. Cover the pot and let it simmer for 1 hour or until the beans are tender. Do NOT drain the water from the beans once cooked.
While the beans are cooking, chop the onion, green pepper, jalapeno and mince the garlic. Drizzle and heat olive oil in the bottom of a skillet. Add the onion and green pepper.