In a large bowl add the shrimp, chili powder, paprika, onion powder, cumin, garlic powder, and salt and pepper. Set aside.
In a medium sized skillet over medium high heat, add 1 Tablespoon olive oil, bell peppers, and onion. Saute until tender about 5-7 minutes. Slide to the side of the skillet
Add 1 Tablespoon olive oil and shrimp and cook for 2-3 minutes or until no longer pink.