I like what you did there with the word "token" since my post referred to time being money...nicely done

Live for the PUMP had a nice reply to your question. Whether glycogen levels are lower when you wake up in the morn (after 8 hrs. sleep) or after an intense workout (intensity will vary) is a good question but I'm not sure we can answer it. I would dare to say glycogen levels are lower in the morn upon waking since the body has been at idle for 8 hrs. and blood glucose levels should also be the lowest at this time. None-the-less both fasted cardio and pwo cardio are beneficial from a fatloss standpoint. If I had to choose (and my work schedule didn't interfere then I would choose fasted morn cardio.
Nice reply!