init postgres password
I just reinstalled my Laptop and it now become Ubuntu 12.04 LTS, I love this.
After whole day of installing, finally I got my postgresql installed, it is a good time to record how to initialize password for new installed postgresql.  
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This will set your postgres USER’s password into postgres.  
Then just use psql -U postgres -h 127.0.0.1 to logon.  
But if you encounteredsql: FATAL:  password authentication failed for user "postgres"  
then check the file /etc/postgresql/{VERSION}/main/pg_hba.conf:
There must be a line like this as the first non-comment line:local   all         postgres              ident
After this, remember to restart your postgresql.  
For newer versions of PostgreSQL ident actually might be peer. That’s OK also.
init postgres password
      https://rug.al/2014/2014-03-04-init-postgres-password/