Preheat a large heavy bottom pot over medium-high heat. Once it’s almost smoking, add 2 tbsp of oil (if using) and let it get hot and shimmering. Now add the ground meat and salt, browning the meat all over. Once the meat is no longer pink, remove to bowl and set aside, leaving behind some of the fat if there is any.
Reduce the heat to medium, adding another 1-2 tbsp of oil if needed to fry the onion, peppers, and garlic.
Once the vegetables are softened, add the chili powders, cumin, and drained meat back in. Toss to combine with the spices and toast lightly for 30 seconds.
Add the canned tomatoes, liquid smoke, beer, molasses, and hot sauce. Bring to a simmer then cover and reduce the heat to low for 1 hour.
After 1 hour, add the kidney beans. Return to a simmer and cover, cooking for another 2 hours.
Adjust seasonings before serving.