1. Heat oil in a large pot over medium heat until shimmering. Add onions. Saute (using a wooden spoon) 3 minutes. Add bell pepper, chili powder, cumin, cayenne and salt. Cook until vegetables have softened, about 4 minutes. Stir in garlic and cook 15 seconds.
2. Add beef and increase heat to medium-high. Cook until no longer pink, breaking up beef with the spoon. Stir in beans, diced tomatoes with their juice and tomato puree. Bring to a simmer, cover and cook 45 minutes.
3. Remove lid and continue to simmer 45 minutes. Stir occasionally. Season with salt and pepper to taste before serving.
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