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Sometimes I play EVE Online.

Once in a while I write about it too. This here destructoid blog discusses the game in a more tie-wearing, serious-business fashion with less focus on readers that already play the game. For less formal 'jeans-and-a-tshirt' style EVE blogging, I have a tumblr titled A Really Bad Spaceship Game where I post quotes from Jabber, screenshots taken during ops, and write about whatever I feel like.
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PIR
1:09 AM on 05.11.2012

At the end of April, The Mittani, CEO of Goonswarm Federation, head of the Clusterfuck Coalition, and incorrigible drama magnet, announced the formation of OTEC - the Organization of Technetium Exporting Corporations - on twitter. Initially OTEC was a joke, but when the price of Technetium, currently the most valuable and contested resource in the game, spiked to over 200 thousand ISK a unit from speculative purchasing, he decided to try making it a reality.



Some background information on Technetium for the less informed: Eve’s Dominion expansion changed some of the manufacturing requirements of advanced ships and modules in an attempt to open up a bottleneck for two moon minerals, Dysprosium and Promethium, that had existed for years. Until that point Technetium had been a moon mineral of very little importance, but the new requirements significantly increased the galaxy’s need for it. Once stockpiles ran out Technetium became a very valuable resource that is almost exclusively available in the northern regions of player-controlled nullsec space. This makes the people that control these moons very space rich, and they are currently one of the primary conflict drivers in the galaxy, acting both as a valuable strategic objective, and a method of bankrolling player combat.



Recently Goonswarm and it’s allies have come into possession of a majority share in the game’s Technetium moons through regional conquest, the remainder being primarily owned by player entities hostile towards them, such as Northern Coalition., Pandemic Legion, and Ev0ke.

The intention behind OTEC is to coordinate the sale and pricing of Technetium to the rest of the galaxy to ensure maximum profit for those involved, and to prevent player entities not interested in cooperating from controlling any significant amount of the Technetium moons available in the game. It is essentially a cartel, and The Mittani is not shy about admitting it. OTEC transcends personal or political agendas, existing only for profit; Several of the alliances involved have long standing grudges with each other, and have fought numerous protracted wars for comparatively petty reasons.
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Some background information on Technetium for the less informed:

up canopies
Holy shit, this is awesome! In a universe where no one can stop the rich and powerful, stuff like this is bind to happen! It's a horrible aspect of reality, but these news reports read like amazing scifi! Keep them up!
This game is so much like real life it's just scary!
Don't be so shy about explaining the background of Tech.

The "bottleneck" of Dyp and Prom wasn't really a bottleneck, there is always going to be a more valuable mineral and the price wasn't amazingly ridicioulous especially considering they were R64 (so the rare moon minerals). They were SUPPOSED to be expensive, and all-in-all they were spread pretty evenly out among the universe. Sure some places had way too much (*cough* starts with a d) but it was a decent spread.

Instead they created a true bottleneck, because it is only available in really one area, and it's a 34. Genius economist move there. It was a dumb idea and everyone with half a brain realized it, and anyone with that half-brain and some cash did the smart thing and bought into it.

I'm not really complaining or butt-hurt about it, I'm fine with it made me tons of ISK which added more $ to my wallet when I cashed out of EvE.

@ Elsa - Not in this regard, yes there have been conglomerates that massively inflated prices before (t2 rechargers :| and t2 across the board) but this is actually a move to get them to change it and admit how stupid the decision was, not too make more money. So it's like the opposite of RL :P
I just got into EVE Online and I am just daunted by the skill system more so than anything else. Taking months or so before it becomes reasonable to venture into lowsec and nullsec is a hard blow. To do most things in the game requires having at the very least a few months under your belt, which makes it hard for someone just coming into the game to commit to anything prior to understanding the game.

I am trying to just get a semi-stable amount of ISK flowing in, but that is hard to do without the skills.
You make more money in empire than low-null nowadays anyways. It's sad but there it is.
@ Dao2-SKP:
Thank you for correcting me. I wasn't actually playing EVE back when Dysp/Prom were the big ISK fountains, so I just assumed the Dominion manufacturing changes were meant to balance moon value in some way.
I suppose they were, but they failed hit it REALLY far off the mark. Tech is worth more than even dy was back when it was rare :|

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