Well that's not accurate. The energy from fasted cardio would come from stored glycogen (we store about 2000 calories of this sugar in our liver and muscle tissue when well fed throughout the rest of the day). It would also come from fatty acid oxidation, but that is the point. Burning fatty acids is a good thing.
Of course, my opinion is still this: Do it hard and do it fast and do it whenever it suits you. I prefer interval sprinting to LISS. But If that taps you later and you don't feel you can put all your intensity into your workouts then by all means stick to LISS.
I think sometimes we are splitting hairs here. And yet at the same time, it's what we're passionate about - learning how little changes can affect our bodies. Nothing wrong with that!
At the end of the day though, I still prefer higher intensity cardio, jumping rope, sprints, 1 mile run done for time. It's just what I enjoy doing. And ultimately, I am setting myself up for a longer window of calorie burning, fat storage manipulation, and increased insulin sensitivity. Not to mention a stronger, healthier heart - which should be the main reason we do this in the first place. After all, diet is king when it comes to cutting, so there's that...