Comment by nandomrumber

It was admittedly a bit sloppy. The more accurate version (IANAKSPP, I am not a kerbal space program player) would be that the only way to maintain a satelite in one position (without expending an infeasible amount of energy) is to position it above the equator and sync its speed with the Earth's rotation, allowing it to stay in a single position above the Earth. Satelites always have to be moving fast enough such that the centripetal force is sufficient to counteract the Earth's gravitational pull, otherwise they would fall back onto the planet.