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>Excuse me, but where on earth do you see the word "scriptures?" The "word" he is referring to is the spoken word, the oral Tradition that is currently being passed on by those with the authority to pass it on as the New Testament did not yet exist.<

He is refering in this instance to the Old Testament.If the Holy Spirit moved Peter to write this about the Scripture of the Old Testament why would the New Testament not be equally inspired and held with the same reverance?

If you read the next verse it is obvious "word of prophecy" is scripture because he says it in this verse.
2Pe 1:20 Knowing this first, that no prophecy of the scripture is of any private interpretation.

It is clear from scripture that Peter and the Apostles were very concerned about apostasy and relied on Scripture to prevent heresy from "oral traditions" from infecting the church.
Act 17:11 These were more noble than those in Thessalonica, in that they received the word with all readiness of mind, and searched the scriptures daily, whether those things were so.

If the Holy Spirit moved Peter to write this about the Scripture of the Old Testament why would the New Testament not be equally inspired and held with the same reverance?

That's a very good question. A Catholic could respond by saying that the New Testament should be considered equally inspired and held with the same reverence because those in authority, who are successors to within the Church compiled it and told the faithful that it is.

The is no Biblical answer to that question. One must appeal to a source outside of the New Testament to explain why is should deserve the same reverence as the Old Testament. After all, Jesus never instructed the Apostles to write down an account of His life, did He?