I went to the internet to find support for the above ... here are some key results:
The Choice of Fuel Depends on Exercise Intensity
As you can see in the graph below, as the intensity of exercise increases, the dependence on carbohydrate goes up and the dependence on fatty acids goes down. This means your muscles will use your glucose storage tank to fuel your workout so you can eat more carbs!
At low intensities, fatty acids are the main fuel source and only small amounts of glycogen are broken down. As the intensity of exercise increases, larger amounts of glycogen are broken down and burned for energy, making glucose the predominant fuel source.
Amino acids from protein are the lowest priority fuel, given amino acids are the infrastructure of the muscle tissue itself. In order to preserve muscle mass, the muscle will burn glucose and fatty acids before resorting to amino acids. Brilliant design.
Triacylglycerol oxidation increases progressively during exercise; the specific rate is determined by energy requirements of working muscles, fatty acid delivery to muscle mitochondria, and the oxidation of other substrates. The catecholamine response to exercise increases lipolysis of adipose tissue triacylglycerols and, presumably, intramuscular triacylglycerols. In addition, increases in adipose tissue and muscle blood flow decrease fatty acid reesterification and facilitate the delivery of released fatty acids to skeletal muscle.