Here is something from my forthcoming book (The Antichrist and the Second Coming). I believe it supports what Andrew is saying:

2 PETER 3

Turning to the book of 2 Peter, the day of the Lord as described there seems to indicate that the earth would be burned up at that time. If this is true then the ultimate day of the Lord could not possibly be referring to the first-century destruction of Israel, as the world was obviously not burned up at AD 70.

But the day of the Lord will come as a thief in the night, in which the heavens will pass away with a great noise, and the elements will melt with fervent heat; both the earth and the works that are in it will be burned up. Therefore, since all these things shall be dissolved, what manner of persons ought you to be in holy conduct and godliness, looking for and hastening the coming of the day of God, because of which the heavens will be dissolved, being on fire, and the elements will melt with fervent heat? 2 Peter 3:10-12

Since the earth was not burned up in AD 70, how could that be the ultimate day of the Lord? Non-preterists point to these verses as obvious proof of the (serious) error of preterism. When one considers the relevant OT background, however, Peter was not talking about the earth being burned up on the day of the Lord, but the land (of Israel) being burned up at that time. The word translated “earth” (Gr. gē) in 2 Peter 3:10 can also be translated as “land.” Seeing as how the OT prophets said it was the land of Israel that would be burned up on the day of the Lord (see below), “land” is a better translation than “earth” in 2 Peter 3:10-12. It was the land of Israel, not the earth, that would be burned up on the day of the Lord.

"Therefore, as the fire devours the stubble, and the flame consumes the chaff, so their root will be as rottenness, and their blossom will ascend like dust; because they have rejected the law of the Lord of hosts, and despised the word of the Holy One of Israel. Therefore the anger of the Lord is aroused against His people; He has stretched out His hand against them and stricken them, and the hills trembled. Their carcasses were as refuse in the midst of the streets. For all this His anger is not turned away, but His hand is stretched out still." Is. 5:24-25

Note: Isaiah 5 speaks of God’s judgment of His vineyard (i.e. Judah and Israel) vv. 1-7. It forms the background for the parable of the judgment of the wicked vinedressers in Matt. 21:33-45, an obvious reference to the AD 70 destruction of God’s unfaithful old covenant people.

"Blow the trumpet in Zion, and sound an alarm in My holy mountain! Let all the inhabitants of the land tremble: for the day of the Lord is coming, for it is at hand. A day of darkness and gloominess, a day of clouds and thick darkness, like the morning clouds spread over the mountains. A people come, great and strong, the like of whom has never been; nor will there ever be any such after them, even for many successive generations. A fire devours before them and behind them a flame burns; the land is like the Garden of Eden before them, and behind them a desolate wilderness; surely nothing shall escape them.but the whole land shall be devoured by the fire of His jealousy, for He will make speedy riddance of all those who dwell in the land." Zeph. 1:12-15, 18 NKJV

"’For behold, the day is coming, burning like a furnace, and all the arrogant and every evildoer will be chaff; and the day that is coming will set them ablaze,’ says the Lord of hosts, ‘so that it will leave them neither root nor branch. But for you who fear My name, the sun of righteousness will rise with healing in its wings; and you will go forth and skip about like calves from the stall…behold I am going to send you Elijah the prophet before the coming of the great and terrible day of the Lord. He will restore the hearts of the father to their children and the hearts of the children to their fathers, so that I will not come and smite the land with a curse.’" Malachi 4:1-2, 5-6 NASB; cf. Luke 1:13-17; Matt. 11:7-14

THE ELEMENTS WILL MELT Peter said that when the Land was burned up on the day of the Lord that the “elements” would melt (2 Peter 3:10, 12). Again, how did this happen at AD 70? While the Greek word used here for “elements” (stoicheion) is used in Greek literature outside of the New Testament in referring to the physical elements of nature, it is never used that way in the New Testament. Other than 2 Peter 3, stoicheion is found in three other sections in the NT (Gal. 4:3, 9; Col. 2:8, 20; Heb. 5:12; 6:1). In none of these sections does it speak of the physical elements of the earth. In the first two of these passages it refers to the elements of the old covenant order (which is what it is referring to in 2 Peter 3); in the third passage it refers to the elemental things or principles of Christ (Heb. 6:1). Again, in none of these other NT uses does stoicheion speak of the physical elements of the earth. David Chilton wrote the following on the NT use of this word:

Throughout the New Testament, the word “elements” (stoicheia) is always used in connection with the Old Covenant order. Paul used the term in his stinging rebuke to the Galatian Christians who were tempted to forsake the freedom of the New Covenant for an Old Covenant-style legalism. Describing Old Covenant rituals and ceremonies he says “we were in bondage under the elements (stoicheia) of this world…. How is it that you turn again to the weak and beggarly elements (stoicheia), to which you desire again to be in bondage? You observe days and months and seasons and years…” (Gal. 4:3, 9-10). He warns the Colossians: “Beware lest anyone cheat you through philosophy and empty deceit, according to the basic principles (stoicheia) of the world, and not according to Christ… Therefore, if you died with Christ to the basic principles (stoicheia) of the world, why, as though living in the world, do you subject yourselves to regulations - ‘Do not touch, don not taste, do not handle’” (Col. 2:8, 20-21).

IT WAS THE LAND THAT WAS BURNED UP ON THE DAY OF THE LORD, NOT THE EARTH With the OT’s description of the day of the Lord as involving the burning of the Land and the NT’s use of stoicheion in mind, Peter was not talking about the physical elements of the earth being burned up on the day of the Lord. Peter was referring to the elemental things of the Land, the foundational things of the old covenant order, being burnt up on the day of the Lord. It was the land of Israel and its works (the works of the Law, cf. Galatians 3:10) that would be burned up on the day of the Lord (2 Peter 3:10). This was brought about by the Romans scorched earth campaign against the Jewish nation. This campaign culminated in the burning and destruction of Jerusalem and the Temple on the ultimate day of the Lord (cf. Matthew 22:1-10; Revelation 17-19). Remember, Peter said "the end of all things is at hand…" (1 Peter 4:7). If he was talking about the end of the world then he was very much in error. If he was talking about the burning up of the elements of the old covenant order at the end of the old covenant age, then he was absolutely correct.