Oil and natural gas aren't just fuels. They supply building blocks for pharmaceuticals; plastics in vehicle bodies, athletic helmets and thousands of other products; and complex composites in solar panels and wind turbine blades and nacelles. The USA was importing 65% of its petroleum in 2005, creating serious national security concerns. But thanks to fracking, imports are now 40% and the US exports oil and gas.
Today's vital raw materials foundation also includes exotic minerals like gallium, germanium, rare earth elements and platinum group metals. For the USA, they are "critical" because they are required in thousands of applications; most of them are "strategic" because they're not produced in the United States.