Since it doesn't make sense to number every single equation...
I used to number only equations I referred to, but then someone pointed out the following. When you write a paper and make it public, you are de facto allowing other people to talk about your paper and simply because you in your paper see no reason to refer to some equation does not mean that other people reading your paper will not do so. Hence as a friendly gesture to your readers, you should number all your equations, and in this way allow them to refer to, say, equation (n) in your paper, instead of having to come up with some complicated reference. Since that time I have tried to number all my equations.

