Heat oil in a large pot or dutch oven. Add meat, onion powder, garlic powder and salt. Brown well.
Add beef broth, tomato paste, tomato sauce, chunky tomatoes, chopped onion, chili powder and water. Bring to a boil, then reduce heat, cover and simmer for 1 hour.
Add the jalapeño pepper, chili powder, cumin, paprika, salt, garlic powder, oregano, and cayenne pepper (if using.) Cook over low heat, uncovered for 30 more minutes.
Before serving, add kidney beans if desired, and mix in until hot.