The Bernoulli equation is a statement of the conservation of energy in fluids. It states that for steady, incompressible flow, the sum of pressure, potential and kinetic energies per unit volume is constant at any point along a streamline. The Bernoulli equation can be used to calculate things like the velocity of fluid flowing out of a tank through an orifice, where increasing velocity decreases pressure and vice versa. It is commonly applied to situations like venturi meters and pitot tubes.