In your Dutch oven, add the olive oil on medium heat.
Add chopped onions and cook until translucent.
Put the turkey in the pot and chop it into small bite size pieces.
Add a little chili powder (about teaspoon) and cook the powder into the turkey.
When the turkey is completely cooked (it will turn from pink to white), add your chili beans and stir.
Add the remaining chili powder and the chopped jalapeno as well cook for about a minute stirring to get everything mixed well.
Pour the tomato juice into the chili and stir yet again, to get everything incorporated well.
Reduce the heat to low and stir occasionally to keep from burning on the bottom of the pot and sides.
Add salt and pepper to your taste.
If you are going to cook the chili for a while and not eat it immediately, you can cover the pot to keep it from bubbling on and splattering the stove.