Broke a raconteur’s rule for oil or water and so on (7,8)

I believe the answer is:

natural resource

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'oil or water and so on' is the definition.
I can't tell whether this definition defines the answer.

'broke a raconteur's rule' is the wordplay.
'broke' indicates anagramming the letters.
'a'+'raconteurs'+'rule'='araconteursrule'
'araconteursrule' anagrammed gives 'NATURAL RESOURCE'.

'for' is the link.

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I've seen this clue in the Sydney Morning Herald.

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