After refrigerating peanut butter left it out will that spoil the peanut butter?

Generally speaking, most common peanut butters have enough preservatives to keep if they're left out. If you're using natural peanut butter, it will keep for a few days after it has been refrigerated, but then begins a long, slow, decline in flavor.

I never refrigerate peanut butter and have never had it spoil (go rancid). If I do refrigerate peanut butter, it is too stiff to use but on a spoon as a snack (which is not bad, actually).

I do the same as trekincat, and I've never had a problem either. As for the comment about 'natural' peanut butter, I believe gab's comment would hold true also.

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