"I'll miss the sea, but a person needs new experiences. They jar something deep inside, allowing him to grow. Without change something sleeps inside us, and seldom awakens. The sleeper must awaken." - Duke Leto AtreidesThe news is all over the EvE blog-o-sphere so I won't re-quote it here. The question is, will the Technetium Cartel work? Is this a well calculated move on the market that will make Goonswarm Federation even richer? Will it attain their goals - market domination? Or, is it an amateurishly naive ploy doomed to fail because Goonswarm cannot grasp the true scope and complexity of the EvE economy?
At face value, having an overwhelming monopoly on Technetium seems to be an unassailable position. It goes into the production of so many things, virtually all Tech 2 (T2) items, that it seems the EvE universe must capitulate or die. What melodramatic bumblebee shit!
They are not eliminating the Technetium from the market. They are only driving the prices up. They are exerting monopolistic pressures on the market that, in the short term, will be painful to bare. But as prices adjust to the new supply level the market will normalize. Production of T2 items will not cease. They will only become more expensive.
The rising expense of Tech 2 items will cause them to loose their luster so to speak. Pilots will begin to look elsewhere to achieve their fits. Some will call T1 items good enough and pick their fights more carefully. In fact, it is my understanding that many PvPers already do this to a degree. It simply makes sense to reduce the cost of one's at-risk assets when you know they are going to be put at severe risk.
Other players will turn to faction modules. How many of you noted this item in the Escalation to Inferno details?
"A lot of modules have been added to the market that previously could only be found in Contracts. Mostly these are officer, deadspace, faction and storyline modules. Note that this only means that players can now buy and sell them between themselves."This will make the move to faction modules very easy. An increase in T2 prices will make faction modules even more desirable. T2 is currently the poor man's faction module if you would. They are used because they are cost effective. Take away that cost effectiveness and many pilots won't have to make the choice. They'll go faction every time.
Lastly, there is Tech 3 (T3.) It depends entirely on Worm Hole derived materials. T3 cruisers are not cheap and a lot of players pass them up for the more cost effective T2 ships and fits. When those ships no longer are cost effective alternatives, those pilots will no longer have such a hard choice to make. Faction fit T3 cruisers for everyone!
So all the fears of doom and gloom are completely unfounded. We have alternatives and, just like in the real world, when the cost of a commodity exceeds the cost of its alternatives, the alternatives will see higher adoption rates. If you'd like a real world example, look to the tar sands of Canada. Extracting oil from the medium was, for a very long time, cost prohibitive. Then the price of crude oil went over $100 a barrel. Ask a Canadian what they're doing now, hey.
So kick back and enjoy the show. Make some wise market buys and reap the rewards. In a few months it will all be over and life in New Eden will have its new normal - whether that's T1, faction or T3 based is a guessing game at this point. One thing's for certain though, the Goons have miscalculated once again and the sleeper will awaken.
 That's a hint of where I think this will go. *wink*