First you need to determine from what voltage you want to power your LED. Let's say you want to power it from 5V:
Uf = forward voltage / If = forward current / Usup = voltage of power supply / Rled = current limiter resistor
Uf = 1,5V, If = 130mA as given in the datasheet
Usup = 5V
First we calculate how many volts we have to get rid of:
Udrop = Usup - Uf
Udrop = 5V - 1,5V
Udrop = 3,5V
Then you need to calculate the current limiter resistor:
R = U / I
Rled = Udrop / If
Rled = 3,5V / 0,13A
Rled = 26,92R
The closest E value is 27R, so you choose that one.
Then we need to know what power the resistor needs to dissipate:
P = U * I
P = Udrop * If
P = 3,5V * 0,13A
P = 0,455W
So for a supply voltage of 5V you need a 27R 0,5W resistor for this particular LED with the chosen forward current If=130mA.
PS: I wrote U instead of V for voltage because that's the norm in Germany. Don't get confused by it, it's just ingrained in me.