Could I see this being possible? Yeah, kinda.
Could I see it as being significant? Not really. Don't forget that in doing cardio, your fat oxidation pathway becomes more efficient as well so it'd become matter of numbers. Unless I saw a solid study on this one I wouldn't worry about it.
Because, in the end, all that accepting this as true would do is open up a big ole can of worms: I can easily see this information as being propagated in a way that would essentially tell people to stop doing cardio. Which oftentimes is a bit silly.