Heat oil in heavy large pot or Dutch oven over medium-high heat. Add onions and garlic. Saute for about 5 minutes or until onions have softened. Add ground beef. Cook and stir, breaking up ground beef, until no pink remains. Drain off as much grease as you can from the pan. Return pan to heat and add chili powder, cumin, basil, oregano, thyme, crushed red pepper, salt and pepper. Stir 2 minutes. Mix in crushed tomatoes, tomato sauce, beans, and beer. Bring to a low boil, then reduce heat and simmer, covered, for 1 hour.

Remove lid and continue to simmer, uncovered, for an additional 30 minutes.

Taste and season with additional salt and pepper, if needed.